Consensus is $7.47. This forecast assumes: An estimated total international industry volume decline of around 1% for cigarettes and HTUs, excluding China and the U.S.; Total cigarette and smoke-free product shipment volume growth for PMI of around 1%. Net revenue growth of around 6% to 8% on an organic basis; Organic operating income growth of 11% to 12.5%; No share repurchases in 2025.
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