earnings
confidence high
sentiment neutral
materiality 0.70
Altria Q1 2024 adjusted EPS $1.15 (-2.5% YoY); reaffirms FY guidance $5.05-$5.17
ALTRIA GROUP, INC.
2024-Q1 EPS reported
$1.21
revenue$5,576,000,000
- Reported diluted EPS $1.21 (up 21% YoY); adjusted diluted EPS $1.15 (down 2.5% YoY).
- Net revenues $5.576B (-2.5%); revenues net of excise taxes $4.717B (-1.0%).
- Smokeable segment OCI margins 60.2% (-0.2pp); cigarette volume -10%, Marlboro share unchanged at 42.0%.
- Oral tobacco OCI +4.6% to $435M; on! volume +32.1%; NJOY consumables volume 10.9M units, retail share 4.3%.
- Partial sale of ABI stake for ~$2.4B; board authorized $2.4B share repurchase expansion; ASR program initiated.