PM - From Tobacco Titan To Smoke-Free Pioneer: How Philip Morris Is Lighting Up Its Future Prospects | Benzinga
Tobacco giant Philip Morris International Inc (NYSE: PM) provided 2024-2026 growth expectations at its 2023 Investor Day.
The company expects 2024 to 2026 compound annual growth for organic net revenue of 6% to 8% (including higher shipment volumes), adjusted operating income of 8% to 10%, and adjusted EPS (excluding currency) of 9% to 11%.
For 2026, the company targets its heated tobacco unit shipment volume of 180 to 200 billion units and nicotine pouch shipment volume ...