Philip Morris Provides 2024-2026 Compound Annual Growth Outlook For Organic Revenue Of 6%-8% And Adjusted EPS (Excluding Currency) Of 9%-11% At 2023 Investor Day
Portfolio Pulse from Benzinga Newsdesk
Philip Morris has provided its 2024-2026 compound annual growth outlook, targeting 8%-10% for adjusted operating income on an organic basis. The company also expects its heated tobacco unit shipment volume to reach 180-200 billion units and nicotine pouch shipment volume to reach 800 million-1 billion cans by 2026. It anticipates ZYN to drive double-digit net revenue and adjusted operating income growth for its overall U.S. operations over the 2024-2026 period, including the impact of IQOS investments. The company aims to have over two-thirds of its total net revenues come from smoke-free products by 2030.
September 28, 2023 | 7:45 am
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Philip Morris has provided a positive growth outlook for 2024-2026, which could potentially boost investor confidence and positively impact its stock price in the short term.
The company's positive growth outlook, including double-digit net revenue growth driven by ZYN and the impact of IQOS investments, indicates strong future performance. This could potentially boost investor confidence and positively impact the company's stock price in the short term.
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