Key Moments
- Philip Morris International (N:PM) exceeded third-quarter revenue and earnings forecasts, supported by strong Zyn nicotine pouch sales and higher cigarette prices.
- The company maintained its full-year adjusted earnings per share outlook at $8.11 to $8.26, excluding currency effects.
- Quarterly revenue increased 5.5% to $11.44 billion, while adjusted EPS reached $2.36, both topping LSEG analyst estimates.
Quarterly Performance Overview
Oct 21 (Reuters) – Philip Morris International (N:PM) reported third-quarter financial results on Wednesday that surpassed Wall Street expectations for both sales and profit. The performance was driven by robust consumer demand for its Zyn nicotine pouches alongside price increases in its cigarette portfolio.
The company, headquartered in Stamford, Connecticut, and known for selling Marlboro cigarettes outside the United States, has been focusing on expanding its smoke-free product portfolio as consumers in certain markets increasingly shift away from conventional cigarettes.
Guidance and Earnings Outlook
Philip Morris reaffirmed its full-year adjusted earnings per share projection, continuing to target a range of $8.11 to $8.26, excluding currency impacts. This unchanged outlook signals management’s confidence in the underlying business trajectory despite foreign exchange considerations.
Revenue and Profit Beat Analyst Estimates
For the quarter, net revenue increased 5.5% to $11.44 billion. This result exceeded analysts’ expectations of $11.28 billion, based on estimates compiled by LSEG.
Adjusted earnings came in at $2.36 per share for the period, topping the analysts’ average forecast of $2.29 per share, according to LSEG data.
| Metric | Reported Result | Analyst Estimate (LSEG) |
|---|---|---|
| Quarterly Revenue | $11.44 billion | $11.28 billion |
| Adjusted EPS (Quarter) | $2.36 | $2.29 |
| Full-Year Adjusted EPS Outlook* | $8.11 – $8.26 | N/A |
*Excluding currency effects
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