Philip Morris International Inc.
Philip Morris International Reaffirms 2024 Financial Forecast at CAGNY Conference
Summary
On February 21, 2024, Philip Morris International Inc. (PMI) hosted a live audio webcast at the Consumer Analyst Group of New York (CAGNY) Conference where its CEO and CFO addressed investors. PMI reaffirmed its 2024 full-year reported diluted EPS forecast of $5.90 to $6.02, representing a projected currency-neutral growth of 7% to 9% versus adjusted diluted EPS of $6.01 in 2023. The company also discussed its progress towards becoming a substantially smoke-free business by 2030, its multi-category portfolio, and its financial performance.
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About Philip Morris International Inc.
Philip Morris International Inc. is a leading global tobacco company primarily engaged in the manufacture and sale of cigarettes and other nicotine-containing products. Known for owning some of the world's best-selling cigarette brands like Marlboro, Philip Morris International plays a significant role in the consumer goods sector. The company's strategic focus includes developing smoke-free alternatives such as heated tobacco systems and e-cigarettes, addressing shifting consumer preferences and regulatory landscapes. Headquartered in New York City, Philip Morris operates in over 180 countries, showcasing a robust international presence. The firm is noteworthy for its commitment to transforming public health narratives within the tobacco industry by advocating for reduced-risk products. As part of its market significance, Philip Morris International drives innovation in tobacco products, influencing regulatory frameworks and competitive dynamics in the global market.
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