secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000764180-22-000090
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altria Q2 adj. EPS $1.26 (+2.4% YoY); reaffirms FY22 guidance; records $1.2B JUUL loss
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000076418022000090/0000764180-22-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000076418022000090/mo-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000764180-22-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer