Philip Morris International Reports Strong Q2 Growth

Philip Morris International Inc. announced a notable 7.1% increase in revenue for the second quarter of fiscal 2025, reaching $10.1 billion. Despite surpassing last year's figures, the results fell short of analysts' expectations. The company's diluted earnings per share (EPS) experienced a significant 26.6% year-on-year surge to $1.95, with operating income also rising by 7.8% to $3.7 billion.

CEO Highlights Smoke-Free Business Momentum

"Our multicategory smoke-free business is showing excellent momentum, with accelerated growth in IQOS adjusted in-market sales and ZYN US offtake, alongside resilient combustibles performance. Given our strong performance so far this year, we're revising our full-year guidance upwards," stated CEO Jacek Olczak.

Market Reaction to Earnings Report

Following the announcement, Philip Morris' stock saw a 1.79% decline in premarket trading, dropping to $177.25 per share at 7:04 am ET.