Latest news with #smokeFree
National Post
7 days ago
- Business
- National Post
Philip Morris International Participates in dbAccess Global Consumer Conference
Article content Article content Philip Morris International Inc.'s (PMI) (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will address investors today at the 2025 dbAccess Global Consumer Conference in Paris. Article content The event will be webcast live in listen-only mode, beginning at approximately 11:15 a.m. CEST (5:15 a.m. EST), at and on the PMI Investor Relations Mobile Application ( An archived copy of the webcast will be available for approximately one year. Article content PMI reaffirms its 2025 full-year reported diluted EPS forecast, announced on April 23, 2025, of $7.01 to $7.14. Excluding a total 2025 adjustment of $0.35 per share and a favorable currency impact, at then-prevailing exchange rates, of $0.10 per share, this forecast represents a projected currency-neutral increase of 10.5% to 12.5% versus adjusted diluted EPS of $6.57 in 2024, as outlined in the below table. Article content The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its earnings release of April 23, 2025. Article content Philip Morris International: A Global Smoke-Free Champion Article content Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company's current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates they were used by 38.6 million adults around the world. The smoke-free business accounted for 42% of PMI's first-quarter 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches and versions of PMI's IQOS devices and consumables – the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to 'PMI', 'we', 'our' and 'us' mean Philip Morris International Inc., and its subsidiaries. For more information, please visit and Article content This press release contains projections of future results and goals and other forward-looking statements, including statements regarding expected financial or operational performance; capital allocation plans; investment strategies; regulatory outcomes; market expectations; business plans and strategies; and dividends. Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could vary materially from those contained in such forward-looking statements. Pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, PMI is identifying important factors that, individually or in the aggregate, could cause actual results and outcomes to differ materially from those contained in any forward-looking statements made by PMI. Article content PMI's business risks include: excise tax increases and discriminatory tax structures; increasing marketing and regulatory restrictions that could reduce our competitiveness, eliminate our ability to communicate with adult consumers, or ban certain of our products in certain markets or countries; health concerns relating to the use of tobacco and other nicotine-containing products and exposure to environmental tobacco smoke; litigation related to tobacco and/or nicotine use and intellectual property; intense competition; the effects of global and individual country economic, regulatory and political developments, natural disasters and conflicts; the impact and consequences of Russia's invasion of Ukraine; changes in adult smoker behavior; the impact of natural disasters and pandemics on PMI's business; lost revenues as a result of counterfeiting, contraband and cross-border purchases; governmental investigations; unfavorable currency exchange rates and currency devaluations, and limitations on the ability to repatriate funds; adverse changes in applicable corporate tax laws; recent and potential future tariffs imposed by the U.S. and other countries; adverse changes in the cost, availability, and quality of tobacco and other agricultural products and raw materials, as well as components and materials for our electronic devices; and the integrity of its information systems and effectiveness of its data privacy policies. PMI's future profitability may also be adversely affected should it be unsuccessful in its attempts to introduce, commercialize, and grow smoke-free products or if regulation or taxation do not differentiate between such products and cigarettes; if it is unable to successfully introduce new products, promote brand equity, enter new markets or improve its margins through increased prices and productivity gains; if it is unable to expand its brand portfolio internally or through acquisitions and the development of strategic business relationships; if it is unable to attract and retain the best global talent, including women or diverse candidates; or if it is unable to successfully integrate and realize the expected benefits from recent transactions and acquisitions. Future results are also subject to the lower predictability of our smoke-free products performance. Article content PMI is further subject to other risks detailed from time to time in its publicly filed documents, including PMI's Annual Report on Form 10-K for the fourth quarter and year ended December 31, 2024, and the Quarterly Report on Form 10-Q for the first quarter ended March 31, 2025. PMI cautions that the foregoing list of important factors is not a complete discussion of all potential risks and uncertainties. PMI does not undertake to update any forward-looking statement that it may make from time to time, except in the normal course of its public disclosure obligations. Article content Article content Article content Article content Contacts Article content Article content Article content
Yahoo
25-05-2025
- Business
- Yahoo
Needham Initiates Coverage of Philip Morris (PM) With Buy Rating
On Thursday, Needham initiated coverage of Philip Morris International Inc. (NYSE:PM) with a Buy rating and a price target of $195. The firm commended Philip Morris for its progress in transitioning towards a smoke-free business model and noted its established market leadership in both heated tobacco and nicotine pouches. Copyright: jetcityimage / 123RF Stock Photo Needham anticipates that this leadership, combined with ongoing innovation and untapped geographical markets, will drive a sustainable high-single to low-double digit earnings growth for the company. Philip Morris has invested over $14 billion in science-based innovation since 2008 to develop smoke-free alternatives, which, while not risk-free, are considered a much better choice than smoking cigarettes. The company's vision is for these products to eventually replace cigarettes entirely. This pivot is driven by the understanding that millions of adult smokers are seeking less harmful, yet satisfying, alternatives. Currently, Philip Morris International Inc.'s (NYSE:PM) smoke-free products are available in 95 markets globally, and 38.6 million adults have already switched from cigarettes to these alternatives. The company's ambition is to generate more than two-thirds of its net revenue from smoke-free business by 2030, up from 42% as of Q1 2025. While we acknowledge the potential of PM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PM and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None.
Yahoo
21-05-2025
- Business
- Yahoo
FREESMO Supercharges Support for First-Time Switchers with New Amazon Voucher Offer
BRISTOL, England, May 21, 2025 /PRNewswire/ -- Leading stop-smoking brand FREESMO is offering every first-time customer a £20 Amazon voucher when they spend £20 or more on their first order. This new incentive replaces the brand's popular Golden Ticket campaign, which previously awarded weekly prizes to a limited number of customers. Now, instead of only a handful of winners, every first-time customer wins. "We've taken everything our customers loved about the Golden Ticket campaign and made it better," said Georgi Keckarovski, CEO of FREESMO. "We're not just rewarding luck, we're rewarding action. If you're ready to switch to a better alternative, we're ready to help, and that support now comes with a guaranteed reward." The announcement comes as the UK prepares for the ban on disposable vapes effective 1st June 2025, a move expected to disrupt the routines of thousands of smokers who currently rely on these products as part of their stop-smoking journey. FREESMO has been at the forefront of supporting disposable users with expert advice, smoke-free product recommendations, and its unique Smoke-Free Questionnaire. Every first-time customer is encouraged to complete FREESMO's Smoke-Free Questionnaire, which is a personalised tool designed to match smokers with the most suitable alternatives based on their nicotine habits and preferences. With the ban approaching, FREESMO is urging users to take action now by finding the best alternatives or stocking up before disposable options disappear from shelves. "Every nicotine user is different. That's why a one-size-fits-all product recommendation just doesn't work," added George Keckarovski. "Our Smoke-Free Questionnaire ensures that every customer is getting a tailored recommendation so they're not just buying a product, they're making a truly informed choice." The new Amazon voucher deal is open to all first-time FREESMO customers throughout May. Returning customers can still take advantage of expert support, exclusive offers, and guidance on transitioning to long-term solutions like refillable kits, pod systems, or nicotine pouches. To claim, new customers should visit and spend £20 or more on their first order They will then receive a £20 Amazon voucher within 48 hours. About FREESMO FREESMO is more than just a service; it's a collaborative effort powered by a team of experts, including counsellors and product specialists. Our professional team is at the heart of our solution, offering extensive knowledge and data on smoke-free products from a variety of brands. With a deep understanding of the psychological aspects of quitting, we're committed to providing comprehensive support and guidance throughout your transformative journey. We envision a world where individuals seamlessly transition to smoke-free alternatives, and everyone has access to personalised assistance on their path towards a smoke-free life. Media Contact:Luisa FigueroaPublic Relations at Fairway Corporate Solutions Photo: View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
