Philip Morris Stock Hits All-Time High on Demand for Smoke-Free Options

Core Insights - Philip Morris International (PM) shares reached an all-time high following better-than-expected results and guidance driven by strong demand for non-smoking alternatives [1][5] - The company reported fourth-quarter adjusted earnings per share (EPS) of $1.55, with revenue increasing 7% year-over-year to $9.7 billion, surpassing Visible Alpha forecasts [1][5] Sales Performance - Sales of smoke-free products rose 9% to $3.9 billion, while sales of combustibles increased 6% to $5.8 billion [2] - Shipment volume grew 2% to 193.1 billion, with oral smoke-free products up 22% to 4.6 billion, heated tobacco products rising 5% to 35.7 billion, and cigarette sales increasing 1% to 152.8 billion [2] Management Commentary - CEO Jacek Olczak stated that the company has "strong momentum across all categories" and expressed confidence in its smoke-free transformation and brand portfolio to deliver value for shareholders [3] - The company anticipates full-year adjusted EPS between $7.04 and $7.17, exceeding the Visible Alpha estimate of $7.01 [3] Stock Performance - Shares of Philip Morris International increased by 7% to $140.16, previously reaching a record high of $146.77, and have gained over 50% in value over the past year [4]