Philip Morris Raises Earnings Outlook Driven by Currency Gains
By Connor Hart
Philip Morris International raised its full-year earnings outlook to account for a favorable currency impact.
The tobacco company said it now expects earnings of $7.28 to $7.43 a share for the year, up from a prior outlook of $7.19 to $7.34 a share. Analysts polled by FactSet are looking for $7.77 a share.
Stripping out one-time items, earnings are projected to come in between $8.35 to $8.50 a share. Philip Morris had previously guided for adjusted earnings of $8.26 to $8.41 a share. Wall Street modeled adjusted earnings of $8.37 a share.
For the current quarter, Philip Morris now expects adjusted earnings of $2.29 to $2.34 a share, compared with a prior forecast of $2.20 to $2.25 a share.
The new outlook includes an estimated 1 cent favorable currency impact, whereas the previous outlook included an unfavorable impact of 8 cents, the company said.
Analysts are looking for third-quarter adjusted earnings of $2.27 a share.
The new outlooks came as Chief Executive Jacek Olczak prepared to address investors on Tuesday at the 2026 Barclays Global Consumer Conference.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
September 08, 2026 08:34 ET (12:34 GMT)
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