Apr 25, 09:10 PM

Altria $MO Q1 Earnings: Revenues Down 1.0%, Adjusted EPS -2.5%; Smokeable Cigarette Volume -10%, Oral Tobacco -3.1%; MSA Costs Impact

Altria Group, represented by the ticker symbol $MO, reported its Q1 earnings, with revenues down 1.0% year-on-year. Adjusted EPS decreased by 2.5%. Smokeable cigarette volume dropped by 10%, while oral tobacco volume saw a 3.1% decline. However, On! brand pouches grew by 32.1%. Despite the challenges, Altria reaffirmed its full-year guidance, expecting an adjusted EPS between $5.05 and $5.17. The company highlighted the impact of the Master Settlement Agreement (MSA) costs, attributing the rise to a competitor's lower-than-expected profits.

#Altria Group #Altria #Master Settlement Agreement

Written with ChatGPT (GPT-3).

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Librarian Capital@LibrarianCap
2 years ago
Altria $MO call agenda 1/ Our history with Altria; investment vs. speculation 2/ Breakingof Tobacco earnings algorithm 3/ 24Q1 results headlines & FY24 guide 4/ Why now? FDA, IQOS plans and ZYN 5/ Valuation, what happens next (incl. JT experienc) 6/ Q&A https://t.co/0SndrK5KUm https://t.co/8fszgtBzmO
Librarian Capital@LibrarianCap
2 years ago
Altria: Giving Up & Downgrade to Neutral $MO $BTI $PM https://t.co/Hxp3Rl7DSs
Librarian Capital@LibrarianCap
2 years ago
Altria $MO Master Settlement Agreement (MSA) costs rose in Q1: CFO: "It was really specific to industry profits. Specifically, one of our major competitors had lower profits than anticipated" Note: British American Tobacco US $BATS $BTI Combustible sales fell 6.4% in $ in 2023 https://t.co/xFJdPfjlws

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Altria $MO Q1 Earnings: Revenues Down 1.0%, Adjusted EPS -2.5%; Smokeable Cigarette Volume -10%, Oral Tobacco -3.1%; MSA Costs Impact

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