Philip Morris International Presents At 2024 CAGNY Conference; Reaffirms FY24 Forecast For Reported Diluted EPS Of $5.90-$6.02 and Adjusted Diluted EPS of $6.32-$6.44, Representing Currency-Neutral Growth Of 7%-9% (FY24 Consensus EPS $6.40)
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International Inc. (PMI) reaffirmed its FY24 EPS forecast at the 2024 CAGNY Conference, projecting a 7%-9% currency-neutral growth. The presentation highlighted PMI's transition towards a smoke-free business, integration with Swedish Match, and strong financial performance. The forecast anticipates a reported diluted EPS of $5.90-$6.02 and an adjusted diluted EPS of $6.32-$6.44, aligning with consensus expectations.
February 21, 2024 | 1:09 pm
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Philip Morris International Inc. reaffirmed its FY24 EPS forecast, indicating strong financial health and successful integration with Swedish Match. The company's focus on a smoke-free future and responsible marketing practices are key highlights.
The reaffirmation of the EPS forecast by PMI at a significant investor conference reflects confidence in its financial outlook and strategic initiatives. The focus on transitioning to a smoke-free business and the successful integration with Swedish Match are likely to be viewed positively by investors, potentially leading to a positive short-term impact on PM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100