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Weak Demand Signals at Philip Morris (PM)

"Okay. So, if we're staying on the like Americana theme, like you're in your pickup trucks smoking a cigarette, but maybe people in those pickup trucks are not smoking the cigarettes as much because Philip Morris, their stock fell today. Wall Street is skeptical of their fullear forecast. While the heated tobacco unit volumes were strong, cigarette volumes were slightly below estimates. Ultimately, the company lowered its estimate for growth and operating income due to higher investments in the US rolling out its Zen nicotine pouches, which seems to be dampening core cigarette demand."

The discussion regarding Philip Morris (PM) underscores concerns as the stock fell up to 10% during the session and finished down 3.8%. Despite a beat in heated tobacco unit volumes, the dip in cigarette volumes and a lowered forecast for growth due to investments in new nicotine pouches signal potential struggles in sustaining core demand.

Philip Morris Ups Guidance on Smokefree Products

"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.