---
schema_version: "secwatch.filing_event.v1"
accession: "0000764180-23-000058"
form_type: "8-K"
ticker: "MO"
cik: "0000764180"
company_name: "ALTRIA GROUP, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:09:39.892632+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Altria Q1 2023 adjusted EPS $1.18 (+5.4%); reaffirms FY guide $4.98-$5.13

## Summary
- Reported net revenues $5,719M (-2.9%); revenues net of excise taxes $4,763M (-1.2%).
- Adjusted diluted EPS $1.18, up 5.4% vs $1.12; reported EPS $1.00 (-7.4%) on JUUL-related loss of $250M.
- Cigarette shipment volume fell 11.4%; Marlboro retail share 42.0%, down 0.6pp YoY.
- Reaffirms FY2023 adjusted EPS guidance $4.98-$5.13, representing 3%-6% growth from $4.84.
- NJOY acquisition pending FTC review; JUUL economic interest exchanged for non-exclusive IP license.

## SEC filing metadata
- accession: 0000764180-23-000058
- form_type: 8-K
- ticker: MO
- cik: 0000764180
- company_name: ALTRIA GROUP, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764180/000076418023000058/0000764180-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764180/000076418023000058/mo-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764180-23-000058
- JSON: https://secwatch.observer/filing/0000764180-23-000058.json
- Plain text: https://secwatch.observer/filing/0000764180-23-000058.txt

## Key facts
- Earnings Releases
  ALTRIA GROUP, INC. reported Q1 2023 results: revenue $5,719, EPS $1.18. Guidance reaffirmed.
  - Period: Q1 2023
  - Revenue: $5,719
  - EPS: $1.18
  - Guidance: reaffirmed
  - Result: reported results
  source text: “We are off to a strong start and believe our businesses are on track to deliver against full-year plans,” said Billy Gifford, Altria’s Chief Executive Officer. “Our tobacco businesses performed well in a challenging macroeconomic environment. We delivered strong adjusted diluted EPS growth of 5.4%, and we announced exciting progress toward our Vision.” “We reaffirm our guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13. This range represents an adjusted diluted EPS growth rate of 3% to 6% from a $4.84 base in 2022.” Altria Headline Financials 1 ($ in millions, except per share data) Q1 2023 Change vs. Q1 2022 Net revenues $5,719 (2.9)% Revenues net of excise taxes $4,763 (1.2)% Reported tax rate 27.9% 1.2 pp Adjusted tax rate 25.0% (0.1) pp Reported diluted EPS 2 $1.00 (7.4)% Adjusted diluted EPS 2 $1.18 5.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/764180/000076418023000058/0000764180-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.