What is Philip Morris International's main business?

Philip Morris International manufactures and sells cigarettes and a growing range of smoke-free nicotine products like heated tobacco, vaping, and oral nicotine.

Why is Philip Morris International stock performing well?

The stock has surged due to strong consumer traction for its smoke-free products and continued pricing strength in traditional tobacco.

What do analysts think of Philip Morris International stock?

Analysts have a consensus 'Strong Buy' rating, suggesting significant potential upside for the stock.

Home / Business and Economy / Philip Morris Stock: Smoke-Free Push Fuels Growth

Philip Morris Stock: Smoke-Free Push Fuels Growth

29 Nov

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Summary

Philip Morris International's stock has seen significant growth.
The company's expansion into smoke-free products is a key driver.
Analysts maintain a 'Strong Buy' rating with upside potential.

Philip Morris Stock: Smoke-Free Push Fuels Growth

Philip Morris International Inc. is a major player in the tobacco industry, with its market capitalization exceeding $243 billion. The company is actively transitioning towards a portfolio of smoke-free nicotine products, including heated tobacco, vaping, and oral nicotine, alongside its traditional cigarette business. This strategic pivot has been well-received by consumers globally, significantly contributing to revenue and margin growth.

The company's performance over the past year has been robust, with shares appreciating considerably. This rise is attributed to the strong consumer adoption of its innovative smoke-free alternatives, such as ZYN nicotine pouches and IQOS heated-tobacco units. Furthermore, consistent pricing power in its combustible tobacco segment has sustained profitability and cash flow.