Philip Morris International ( (PM) ) has released its Q2 earnings. Here is a breakdown of the information Philip Morris International presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Philip Morris International (PMI) is a leading global consumer goods company focused on delivering a smoke-free future, primarily operating in the tobacco and nicotine sector with a significant investment in smoke-free products such as heat-not-burn, nicotine pouches, and e-vapor products.
In the second quarter of 2025, PMI reported a strong financial performance, with a 26.6% increase in reported diluted earnings per share (EPS) to $1.95 and a 20.1% rise in adjusted diluted EPS to $1.91. The company also raised its full-year guidance, reflecting its robust performance and strategic focus on smoke-free products.
Key highlights from the earnings report include a notable increase in the smoke-free business, which accounted for 41% of total net revenues. The smoke-free portfolio, led by IQOS, ZYN, and VEEV, showed significant growth, with shipment volumes up by 11.8% and net revenues increasing by 15.2%. The company also reported strong performance in various regions, with Europe and Japan showing impressive growth in IQOS market share.
PMI’s combustibles segment also saw a modest growth in net revenues by 2.1%, driven by strong pricing despite a decline in volume. The company declared a regular quarterly dividend of $1.35 per share, highlighting its commitment to returning value to shareholders.
Looking ahead, PMI remains optimistic about its growth prospects, with a focus on expanding its smoke-free product offerings and continuing to innovate in the wellness and healthcare sectors. The company aims to achieve a full-year adjusted diluted EPS growth of 13% to 15%, excluding currency impacts, reflecting its strategic initiatives and market expansion efforts.