Philip Morris Ups Guidance on Smokefree Products

5 days ago

John Tucker

"Next, Philip Morris nudging up uh the bottom end of its outlook for the fiscal year off the back of strong demand for smokefree products, including the Zin nicotine pouch. Uh, somebody's going to explain that to me. The company expects full ear adjusted earnings uh between 746 per share and 756. Uh the low end of the range, 3 cents higher than the previous guidance. Third time this year the company's raised its forecast. Um driven primarily by the popularity of the no smoke pouches."

The speaker describes Philip Morris elevating its full-year adjusted earnings guidance by 3 cents, citing strong demand for its smokefree products like the Zin nicotine pouch, and notes that this is the third forecast revision in the year. This upward adjustment is seen as a positive indicator for the company's near-term performance.

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