Philip Morris International Inc at Barclays Global Consumer Staples Conference Transcript
Good morning, everyone. Thank you for joining our 30th Barclays Global Staples Conference. I hope summer provided you and your families enough opportunity to recharge and travel. I'm Gaurav Jain, Barclays' global tobacco and cannabis analyst. Joining us today for the first session of the day is Emmanuel Babeau, the Chief Financial Officer of Philip Morris International. Thank you, Emmanuel, for giving us the opportunity, again, to host you.
Thank you, Gaurav, for having me.
Thank you, Emmanuel. So Philip Morris is up 31% year-to-date, and it still is trading at 16x P/E for what is likely to be a low to mid-teens EPS growth company, and that is something that the company has just reaffirmed for this year. It is our topic in the sector. I will first turn it over to Emmanuel for his opening comments before asking him some
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