Philip Morris Hits Record After Beating Estimates on Zyn Demand
Philip Morris International Inc. soared to a record after reporting better-than-expected profit driven by sales of Zyn nicotine pouches.
Philip Morris’s stock touches record high as outlook tops Wall Street estimates
Philip Morris International Inc.’s stock touched a record high on Thursday after the company issued a profit outlook that topped Wall Street analyst expectations on strength in its smokeless-tobacco products. Philip Morris cited growth in Iqos, its inhalable smoke-free product, as well as Zyn nicotine pouches, which won FDA authorization in 2024.
Philip Morris CEO: We're pleased with FDA approval of Zyn
Jacek Olczak, Philip Morris International CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings.
Philip Morris forecasts upbeat 2025 profit as demand for ZYN nicotine pouches surges
(Reuters) -Cigarette maker Philip Morris International on Thursday forecast 2025 profit above estimates after recording better-than-expected quarterly results on the back of strong demand for its smoking alternatives such as ZYN nicotine pouches.
Philip Morris Stock Hits All-Time High on Demand for Smoke-Free Options
Key Takeaways Demand for Philip Morris International's smoke-free products helped the tobacco giant beat fourth-quarter profit and sales estimates.The maker of Marlboro cigarettes and ZYN nicotine patches also gave better-than-expected guidance.
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