earnings
confidence high
sentiment negative
materiality 0.85
Altria Q2 adj. EPS $1.26 (+2.4% YoY); reaffirms FY22 guidance; records $1.2B JUUL loss
ALTRIA GROUP, INC.
2022-Q2 EPS reported
$1.57
revenue$12,435,000,000
- Q2 reported EPS $0.49 (down 57.8%) due to $1.2B non-cash unrealized loss on JUUL investment; adjusted EPS $1.26 (up 2.4%).
- Reaffirms FY22 adjusted diluted EPS guidance of $4.79-$4.93, representing 4%-7% growth from $4.61 base.
- Smokeable segment: reported cigarette volume down 11.1%; adjusted for trade inventory ~10% decline; industry volume down ~8.5%.
- JUUL investment fair value dropped to $450M; FDA MDOs temporarily stayed; JUUL products remain on market.
- Returned $1.6B in dividends in Q2; repurchased 10.1M shares for $507M; $750M buyback remaining.