Forecast Gains and Growth For Philip Morris International in 2020

Philip Morris International (PMI) presented at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida, reaffirming its 2020 full-year reported diluted EPS guidance. The presentation covered the company’s 2019 performance and mid-term outlook, a look at the evolving industry landscape, its strategy and plans for its smoke-free product portfolio and its efforts to create a sustainable operating environment, among other topics.

Philip Morris International reaffirmed its 2020 full-year reported diluted EPS to be at least $5.50, versus $4.61 in 2019. This forecast represents an increase of at least 8 percent versus pro forma adjusted diluted EPS of $5.13 in 2019…

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