Philip Morris International Inc. reported record third-quarter net revenues of $9.9 billion, exceeding forecasts of $9.68 billion, and adjusted earnings per share of $1.91, surpassing expectations of $1.82. The strong performance is attributed to robust sales of tobacco alternatives such as ZYN nicotine pouches and IQOS heated tobacco products. CEO Jacek Olczak stated, “In the third quarter, we delivered exceptionally strong performance, with record quarterly net revenues and earnings per share.” The company raised its full-year guidance for reported diluted EPS to a range of $6.20 to $6.26 and adjusted diluted EPS to $6.45 to $6.51. In the U.S., shipments of ZYN nicotine pouches reached 149.1 million cans, marking a 41.4% increase compared to the prior year as supply constraints began to ease. ZYN is now available in 30 countries, experiencing 70% year-over-year global growth.