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Philip Morris Puts Up Excellent Second Quarter Results, Raises 2024 Guidance

publication date: Jul 23, 2024
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Image: Philip Morris’ stock has done quite well over the past few months. 

Philip Morris put up excellent second quarter results showcasing strong organic performance across key financial measures. The company continues to have traction with its nicotine pouch product ZYN, with impressive growth rates attained despite supply constraints. The company raised its 2024 guidance for revenue, adjusted operating income and adjusted earnings, and we continue to like the firm’s transition to becoming a smoke-free company. Shares of Philip Morris yield 4.9% at the time of this writing.


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