Philip Morris: Q4 EPS growth of 12%

(CercleFinance.com) - Philip Morris International reports Q4 2023 adjusted EPS growth (excluding currency effects) of 12.
2% to $1.36, on revenues that are up 8.3% organically to $9bn.

The Stamford, Connecticut-based cigarette maker's revenues from combustible tobacco products rose 5.3%, driven by price increases of 9.9%, while its smokeless products accounted for 39.3% of total sales.

With FY adjusted EPS up 11% at $6.01, Philip Morris International expects 2024 EPS of $6.43 to $6.55, excluding currency effects.


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