Philip Morris Raises Full-Year Outlook Due to Favorable FX Impact and Smoke-Free Product Growth
Philip Morris International (PMI) has raised its full-year outlook, citing a favorable foreign-exchange impact of approximately $0.24 per share at current rates. The company remains focused on expanding its smoke-free product portfolio, particularly through IQOS heated tobacco products and ZYN nicotine pouches. In Japan, the heated-tobacco market is stabilizing after recent tax-related price increases. PMI expects to launch IQOS ILUMA in the U.S., pending FDA approval. In the U.S., ZYN's product range has been expanded with new nicotine strengths, pricing adjustments, and packaging changes, supporting long-term growth expectations for the nicotine-pouch category. CEO Jacek Olczak noted that combustible cigarette volumes have performed better than expected in some markets. The company anticipates low-double-digit to low-teens earnings-per-share (EPS) growth over the medium term as it shifts its business mix and continues volume expansion.
Tickers: $PM
Topics: foreign exchange guidance revision IQOS smoke-free products ZYN