Philip Morris International Inc.
PMI Raises 2024 Full-Year EPS Forecast
Summary
On June 4, 2024, Philip Morris International Inc. (PMI) raised its 2024 full-year reported and adjusted diluted EPS forecast. The company now expects reported diluted EPS of $5.77 to $5.89, and adjusted diluted EPS of $6.26 to $6.38, excluding currency impact. The forecast reflects the strong momentum of IQOS and ZYN and the resilience of the combustible business.
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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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