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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“One example of our enhanced brand building effort is the recently announced global partnership between ZYN and Ferrari, which recognize our long-standing heritage in Formula one.”
Philip Morris announced a global ZYN brand partnership with Ferrari tied to Formula One, a new sponsorship read-through for Ferrari.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bonnie Herzog | Goldman Sachs | 13 (15%) |
| Eric Serotta | Morgan Stanley | 11 (9%) |
| Faham Baig | UBS | 10 (20%) |
| Matt Smith | Stifel | 9 (0%) |
| Gaurav Jain | Barclays | 5 (40%) |
| Callum Elliott | Bernstein | 4 (0%) |
| Gerald Pascarelli | Needham | 3 (0%) |
| Damian McNeil | Deutsche Bank | 3 (0%) |
| Pallav Mittal | Barclays | 3 (33%) |
| Andrei Andon-Ionita | Jefferies | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 | 13 (15%) |
| Morgan Stanley | 1 | 11 (9%) |
| UBS | 1 | 10 (20%) |
| Stifel | 2 |
| 10 (0%) |
| Barclays | 3 | 9 (33%) |
| Bernstein | 1 | 4 (0%) |
| Jefferies | 1 | 3 (0%) |
| Needham | 1 | 3 (0%) |
Philip Morris closed FY2025 with currency-neutral adjusted diluted EPS growth of 14.2%, landing at the high end of guidance at $7.54. ZYN US shipments grew 37% for the full year to 794 million cans, and IQOS Q4 adjusted IMS accelerated to 12%. Management introduced FY2026 guidance of 7.5-9.5% currency-neutral EPS growth and renewed three-year CAGR targets at 9-11% for EPS, while Japan's heated tobacco category crossed the 50% milestone.
Competitive Dynamics | Demand | Product Launch | Revenue Growth | Regulation Policy | Pricing | Margin | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 3 |
| 2025Q1 | 3 | 4 | 1 | 3 | 1 | 1 | 1 | |
| 2025Q2 | 3 | 4 | 1 | 2 | 2 | 2 | 1 | |
| 2025Q3 | 5 | 3 | 2 | 2 | 1 | 1 | 1 | |
| 2025Q4 | 2 | 2 | 1 | 3 | 2 | 1 | 2 | |
| 2026Q1 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 1 | 3 | 3 | 5 | 2 | 6 |
| Demand | 1 | 4 | 4 | 3 | 2 | 6 |
| Product Launch | 2 | 1 | 1 | 2 | 1 | 5 |
| Revenue Growth | 2 | 3 | 2 | 2 | 3 | |
| Regulation Policy | 2 | 1 | 2 | 1 | 3 | 3 |
| Pricing | 1 | 2 | 1 | 2 | 5 | |
| Margin | 2 | 1 | 1 | 1 | 3 | |
| Geographic Expansion | 3 | 1 | 1 | 2 | 1 |