earnings
confidence high
sentiment neutral
materiality 0.65
Altria Q2 adjusted EPS $1.31, up 4%; reaffirms FY2023 guidance
ALTRIA GROUP, INC.
2023-Q2 EPS reported
$2.18
revenue$12,227,000,000
- Q2 adjusted diluted EPS $1.31, up 4.0% YoY; reported EPS $1.19 vs $0.49.
- Q2 net revenues $6.5B (-0.5%); revenues net of excise taxes $5.4B (+1.2%).
- Smokeable cigarette volume down 8.7%; Marlboro retail share 42.1%, down 0.6 pts.
- Completed NJOY acquisition for $2.75B cash on June 1; received $1.8B final PMI payment.
- Repurchased 10.4M shares in Q2; $528M remaining; reaffirms FY23 adjusted EPS guidance $4.89-$5.03.