Philip Morris International Inc (NYSE:PM)

$ 128.98 0.27 (0.21%) Market Cap: 200.54 Bil Enterprise Value: 245.09 Bil PE Ratio: 20.47 PB Ratio: 0 GF Score: 84/100

Philip Morris International Inc at Barclays Global Consumer Staples Conference (Virtual) Transcript

Sep 10, 2020 / 06:40PM GMT

Release Date Price: $80.41 (-0.07%)

Transcript

Gaurav Jain

Barclays Bank PLC, Research Division - Research Analyst

Good afternoon, everyone. We're coming to the end of our Staples conference. I'm Gaurav Jain, Barclays' Global Tobacco Analyst. I'm thrilled to have Emmanuel Babeau, the CFO of Philip Morris, here with us. Thank you for giving us the opportunity, Emmanuel.

As you might have seen, Philip Morris raised the midpoint of its FY '20 EPS guidance earlier today, so we will have a few comments from Emmanuel before I get into my questions.

Emmanuel Babeau

Philip Morris International Inc. - CFO

Gaurav, thank you so much for hosting us, and good afternoon, good morning, everybody. Very pleased to be with you to share the latest update on Philip Morris International.

So I'm going to find a few elements on what we've been seeing over the summer and the month of July and August. And of course, the first element I want to comment is the fact that we have been revising and narrowing upward our EPS guidance range. We are now targeting a bracket between $5 and $5.07 per share for the

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