earnings
confidence high
sentiment positive
materiality 0.70
Altria Q1 adj. EPS $1.12 (+4.7%YoY); reaffirms FY22 adj. EPS $4.79-$4.93
ALTRIA GROUP, INC.
2022-Q1 EPS reported
$1.08
revenue$5,892,000,000
- Reported net revenue $5.9B (-2.4%), down due to wine business sale; revenue net of excise taxes $4.8B (-1.3%).
- Smokeable segment cigarette shipment volume -6.3% (adjusted -8%); Marlboro retail share 42.6% (-0.4 pp).
- Oral tobacco segment volume -1.9%; on! nicotine pouch share 4.1% (+2.5 pp).
- Repurchased 11.3M shares for $576M; $1.2B remaining under $3.5B program; dividends paid $1.6B.
- JUUL fair value $1.6B at 3/31/22, with $100M unrealized loss in Q1; Cronos special items net expense $61M.