From Tobacco Titan To Smoke-Free Pioneer: How Philip Morris Is Lighting Up Its Future Prospects
Portfolio Pulse from Lekha Gupta
Philip Morris International Inc (PM) has provided growth expectations for 2024-2026 at its 2023 Investor Day. The company expects 6-8% compound annual growth for organic net revenue, 8-10% for adjusted operating income, and 9-11% for adjusted EPS. PM targets its heated tobacco unit shipment volume of 180 to 200 billion units and nicotine pouch shipment volume of 800 million to 1 billion cans by 2026. The company aims to generate over two-thirds of its net revenues from smoke-free products by 2030.
September 28, 2023 | 10:21 am
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Philip Morris has provided optimistic growth expectations for 2024-2026 and aims to generate over two-thirds of its net revenues from smoke-free products by 2030. This could potentially attract investors interested in the company's transition to smoke-free products.
The company's optimistic growth expectations and its transition to smoke-free products could potentially attract investors, leading to a positive impact on the stock price. However, the actual impact will depend on the company's ability to meet these expectations and successfully transition to smoke-free products.
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