Philip Morris (PM) Leads Q1 Earnings Beat as Sector Revenue Tops Views by 4.9%

Beverages, alcohol, and tobacco stocks collectively outpaced analyst revenue expectations by 4.9% in the first quarter, with Philip Morris International (NYSE:PM) among the standouts. The group’s share prices have risen an average 5.5% since the latest earnings reports through June 1, 2026. Philip Morris posted revenue of $10.15 billion, a 9.1% year-over-year increase that surpassed consensus by 2.2%. Its shares jumped 15.8% following the release. Vita Coco (NASDAQ:COCO) delivered the largest beat, with revenue soaring 37.3% to $179.8 million—20.5% above estimates—sending its stock up 45.9%. Boston Beer (NYSE:SAM) was the weakest performer. Revenue declined 4.4% to $433.9 million, and adjusted operating income significantly missed expectations, leading to a 25.2% stock decline. Zevia (NYSE:ZVIA) and Molson Coors (NYSE:TAP) also exceeded revenue forecasts, with beats of 12.2% and 0.7% respectively.