Philip Morris Smoke-Free Revenue at 41%

Philip Morris International (PM -2.17%), a global tobacco and nicotine products company, reported its Q2 2025 results on July 22, 2025. The standout news was robust adjusted earnings per share—$1.91 versus a $1.86 estimate—surpassing forecasts by 2.7%. However, GAAP revenue of $10.1 billion fell 2.1% short of expectations. Despite the revenue shortfall, the company continued to advance its smoke-free strategy, raised its outlook for full-year 2025 adjusted EPS. Overall, the period showed strong profit progr ...