Philip Morris Lowers 2026 Profit Forecast on Cost Pressures, Weak Pricing Power
PM sits 21% above its 52-week low of $142.11.
Summary
Philip Morris International has lowered its 2026 adjusted earnings per share forecast from a prior range of $8.36-$8.51 to $8.31-$8.46. This revision is driven by increased cost pressures, including higher energy costs from the Iran conflict and adverse currency swings, alongside weaker pricing power in a competitive market. The company's CEO also noted that recent FDA policy changes regarding unauthorized vaping and nicotine pouches are a net positive for Zyn, and Philip Morris is launching Zyn Ultra at a lower price point to enhance competitiveness.
At the time of this announcement, PM was trading at $171.99 on NYSE in the Trade & Services sector, with a market capitalization of approximately $269.1B. The 52-week trading range was $142.11 to $193.05. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.