PM lowers adjusted EPS guidance for 2026 to $8.31-$8.46, citing a $500 million impairment charge and currency headwinds.
Philip Morris International reduced its 2026 adjusted earnings-per-share forecast to $8.31-$8.46, down from the prior $8.36-$8.51 range. The revision reflects a $500 million non-cash impairment charge tied to its investment in Rothmans, Benson & Hedges (RBH).
The updated guidance aligns with Bloomberg’s consensus estimate of $8.41. The impairment charge, expected in Q2 2026, will reduce diluted EPS by about 33 cents. RBH remains deconsolidated, with its carrying value dropping below $100 million post-charge.
Shares slipped 1% in premarket trading as investors digested the revised outlook and currency-related pressures.