By Denny Jacob
Philip Morris International posted higher-than-expected revenue in its fourth quarter, signaling its Zyn nicotine pouches continue to power results higher.
The tobacco company logged operating income of $3.26 billion compared with $2.89 billion. Analysts polled by FactSet expected $3.51 billion.
Revenue rose to $9.71 billion from $9.05 billion. Analysts polled by FactSet had expected $9.44 billion.
Total shipment volume in cans of its oral products increased by 25%, which the company said predominately reflects growth in nicotine pouches.
Boosting its results in recent quarters has been the popularity of its Zyn nicotine pouches, which the company has made efforts to produce more of as a result.
Philip Morris forecast adjusted earnings per-share in the range of $1.58 and $1.63 in the first quarter, above analysts’ estimates of $1.50 a share. For 2025, the company guided for revenue growth between 6% and 8% on an organic basis as well as adjusted earnings per-share in the range of $7.04 and $7.17, also above analysts’ estimates of $6.99 a share.
Write to Denny Jacob at [email protected]
(END) Dow Jones Newswires
02-06-25 0738ET
:quality(85):upscale()/2025/02/04/909/n/1922195/3b6975a967a27d60922910.06588243_.jpg "Why I Love Looking at Menus Before I Eat at a Restaurant")
