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CLAIM #50338 · PM (PM) · 2025Q2 earnings call · Jul 22, 2025 · due Dec 31, 2025

So of course, if we give this bracket, we believe that we can finish the the year within the bracket at you know, at every point of the of the bracket. We give the eight hundred to eight hundred forty million.

Emmanuel Babeau · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

ajectory on on on volume because of that. So price yes, but provided it does not impact in a meaningful manner the volume trajectory. That is a strategy, and that is what we will continue to do. Operator: Thank you. Our next question comes from Bonnie Herzog with Goldman Sachs. Your line is open. Bonnie Herzog: Thank you. Hi, Emmanuel. Emmanuel Babeau: Hi. I had a a few follow-up questions on ZYN. Bonnie Herzog: Based on everything you you discussed and, you know, what you're seeing in the market, should we assume lower end of your full year shipment guidance range is more realistic? I guess I'm trying to understand the high end is even possible in your mind. And then can you update us on, you know, your capacity and where it stands today? And when it will increase. Emmanuel Babeau: Sure. So of course, if we give this bracket, we believe that we can finish the the year within the bracket at you know, at every point of the of the bracket. We give the eight hundred to eight hundred forty million. Clearly, the fact that, you know, this ten to twenty million lower restocking that what maybe we thought. I mean, that is having an impact. But at the end of the day, I you can see that the the restart of IQOS can be very powerful. I mean, thirty six, thirty seven percent. We are restarting commercial activity advertising. So we don't know what's gonna be the growth profile for H2. So that's why we are still comfortable with with the eight hundred to eight hundred and forty a million can bracket. On the capacity, we can say that today, we we have been building a a comfortable capacity to face all kind of of very dynamic growth scenario for the for the future, and, therefore, we are we are comfortable for the coming quarters. Bonnie Herzog: Okay. And then maybe just another follow-up becau

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SEC filings for PM · Claim quote is verbatim from the 2025Q2 earnings call.