Philip Morris International Inc. PM reported disappointing quarterly results in the first quarter of 2018. It registered a 13.7% year-over-year increase in quarterly revenues to $6.896 billion in the quarter from $6.064 billion a year ago.It failed to beat the Zacks Consensus Estimate for sales but surpassed earnings estimates. Moreover, the share price took a massive hit owing to the poor performance of its cigarettes segment. The stock lost 15.6% at market close on Apr 19. Increased regulation and poor demand, owing to health concerns, weighed on the company’s performance.Q1 Results in FocusPhilip Morris reported non-GAAP earnings per share of $1.00, surpassing the Zacks Consensus Estimate of 88 cents. However, the company’s revenues of $6.896 billion (excluding excise taxes) fell short of the Zacks Consensus Estimate of $7.024 billion. Excluding favorable currency impact, annual revenues grew 8.3% in the year.The tobacco company reported operating income of $2.426 billion, down 2.7% year over year (excluding a favorable currency impact of $76 million).Shipment VolumeThe company’s total shipment volume came in at 173.846 billion units, down 5.3% from the first-quarter 2017 figure of 177.987 billion units. Although higher shipment volume of cigarettes in South and Southeast Asia was a positive, overall shipment volume of cigarettes declined 5.3% to 164.280 billion units in the quarter. However, some respite came in the form of an increase in shipment volume in heated tobacco units, which increased to 9.566 billion units from 4.435 billion units in the prior-year quarter.OutlookPhilip Morris expects full-year 2018 diluted earnings per share in the range of $5.25-$5.40. This reflects a 35-39% increase from the 2017 EPS figure of $3.88. Excluding favorable currency impact, the company expects adjusted EPS growth of 8-11% in the period.In the current scenario, we believe it is prudent to discuss the following ETFs that have a relatively high exposure to Philip Morris.Consumer Staples Select Sector SPDR Fund XLPThis fund offers exposure to the Consumer Staples sector of the United States. It has AUM of $7.56 billion and charges a fee of 13 basis points a year. From a sector look, Beverages, Food & Staples Retailing and Household Products have the highest exposure to the fund, with 25.6%, 22.6% and 19.7% allocation, respectively. It has a 7.9% exposure to Philip Morris. The fund has lost 7.1% in a year and 9.2% year to date. XLP has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.Vanguard Consumer Staples ETF VDCThis fund is one of the most popular funds in the Consumer Staples sector of the United States. It has AUM of $3.8 billion and charges a fee of 10 basis points a year. From a sector look, Soft drinks, Household products and Packaged Foods & Meats have the highest exposure to the fund, with 19.4%, 18.5% and 16.7% allocation, respectively. It has a 7.8% exposure to Philip Morris. The fund has lost 6.3% in a year and 8.2% year to date. VDC has a Zacks ETF Rank #3, with a Medium risk outlook.Fidelity MSCI Consumer Staples Index ETF FSTAThis fund offers exposure to the Consumer Staples sector of the United States at a very low expense ratio. It has AUM of $269.7 million and charges a fee of 8 basis points a year. From a sector look, Beverages, Food & Staples Retailing and Food products have the highest exposure to the fund, with 23.8%, 22.3% and 17.9% allocation, respectively. It has an 8.4% exposure to Philip Morris. The fund has lost 6.8% in a year and 9.0% year to date. FSTA has a Zacks ETF Rank # (Sell), with a Medium risk outlook.Given below is a chart for comparing the one-year performance of the funds and Philip Morris. Source: Yahoo FinanceWant key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR-CONS STPL (XLP): ETF Research Reports VIPERS-CONS STA (VDC): ETF Research Reports FID-STAPLES (FSTA): ETF Research Reports Philip Morris International Inc. (PM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report