Philip Morris International to Present at 2025 CAGNY Conference

Philip Morris International (PM) is set to present at the 2025 Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 19, 2025, at 1:00 p.m. ET. The company's Chief Executive Officer, Jacek Olczak, and Chief Financial Officer, Emmanuel Babeau, will host a live audio webcast of their presentation, which will be accessible via the company's website and mobile app.

The presentation will provide an update on Philip Morris International's strategic progress towards a smoke-free future, as well as its financial performance and outlook. The company has been actively working to deliver a smoke-free future and evolve its portfolio to include products outside of the tobacco and nicotine sector. This transformation has been driven by significant investments in research and development, totaling over $14 billion since 2008.

Philip Morris International's smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands, are now available in 95 markets worldwide, with an estimated 38.6 million adult users. The company's acquisition of Swedish Match in 2022 has further strengthened its position in the smoke-free segment, with the addition of the ZYN brand and FDA authorization for its nicotine pouches and versions of IQOS devices and consumables.

The company's smoke-free business accounted for approximately 39% of its total full-year 2024 net revenues, demonstrating the growing importance of these products to its overall financial performance. Philip Morris International has forecasted adjusted earnings per share (EPS) in the range of $7.04 to $7.17 for 2025, indicating potential growth of up to about 9% compared to previous estimates.

Analysts have a generally positive outlook on Philip Morris International's stock, with an average target price of $129.29 and a consensus recommendation of "Buy." The company's strong financial performance, strategic shift towards smoke-free products, and acquisition of Swedish Match have all contributed to its positive outlook.

Investors interested in learning more about Philip Morris International's business performance and outlook are encouraged to attend the 2025 CAGNY Conference and listen to the company's presentation. The webcast replay will be available on the company's website until Friday, March 21, 2025.