Philip Morris International (PMI) has revised its full-year guidance to reflect a favorable foreign-exchange impact of about $0.24 per share, citing current spot rates. The company also expects a favorable currency effect of about $0.01 for the third quarter. PMI CEO Jacek Olczak stated the company remains focused on expanding its smoke-free product portfolio, led by IQOS heated tobacco products and ZYN nicotine pouches. The company continues to target low-double-digit to low-teens medium-term earnings-per-share growth and expects the U.S. nicotine-pouch category to grow more than 20% over the longer term.