Philip Morris Stock Soars - Strong Demand for ZYN Nicotine Pouches in the USA

The tobacco giant Philip Morris has published its results for the past fiscal year and the final quarter. PMI CEO Jacek Olczak described 2024 as a "remarkable year." The company recorded very strong annual results, driven by the continued growth of IQOS and ZYN, as well as solid performance in the tobacco product segment. For the fourth quarter, an adjusted EPS of $1.55 was reported, surpassing analysts’ expectations of $1.50 per share. Net revenue in the fourth quarter rose by 7.3% to $9.7 billion and also exceeded forecasts of $9.44 billion....