PM updates full-year currency guidance and Japan tax-price outlook
PM says it issued a press release revising full-year guidance for currency only, moving to a spot-rate basis. Management estimates favorable currency impact around $0.24 for the full year and about $0.01 for Q3 at the current spot rate. It also discusses Japan’s excise-tax increase starting April 1 and entering a second stage, with registered price changes by major players.