Organization

Philip Morris International

American global cigarette and tobacco company

Also known as Philip Morris International Inc., Philip Morris, PMI

In the news

coverage spread: L20/C60/R20

Photo: User:Willem_90 / Wikimedia Commons (CC0)

Philip Morris Cuts Guidance Amid Zyn Challenges

Philip Morris International is increasing investment in its Zyn nicotine pouches, launching new variants like Zyn Ultra to defend market share amid tougher competition, while still delivering a Q2 revenue beat. At the same time, the company trimmed its full-year profit guidance for a third time due to adverse currency effects and higher costs from the global environment.

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Key facts

Country: United States, Switzerland
Headquarters: Lausanne, Stamford
Inception: 1987, 1961, 2008
Website: https://www.pmi.com/

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