Philip Morris Reports Weak Local but Robust Global Sales

Philip Morris is increasing its tobacco sales in Europe, Latin America and Southeast Asia, even as U.S. sales remain stagnant.

As Investorguide reports, “As long as the company keeps reaching overseas to offset weak domestic sales and the falling dollar, Philip Morris will grow.” The human toll of this growth is documented in a report by Corporate Accountability International, which explains that 80 percent of the 8 million tobacco deaths predicted by 2030 will occur in the developing markets that Philip Morris is currently targeting.