earnings
confidence high
sentiment neutral
materiality 0.80
Altria Q2 adjusted EPS flat at $1.31; narrows FY2024 guidance to $5.07-$5.15
ALTRIA GROUP, INC.
2024-Q2 EPS reported
$3.41
revenue$11,785,000,000
- Q2 adjusted diluted EPS $1.31 (flat YoY); reported EPS $2.21 (up 85.7% on IQOS gain).
- Q2 net revenue $6.2B (-4.6%); cigarette shipment volume down 13% (-11% adjusted); Marlboro retail share 42.0%.
- NJOY receives first FDA MGOs for menthol e-vapor; triggers $250M payment. NJOY retail share 5.5% (+1.3pp sequentially).
- FY2024 adjusted EPS guidance narrowed to $5.07-$5.15 (2.5%-4.0% growth); adjusted tax rate forecast 24.0%-25.0%.
- Skoal trademark impairment $354M non-cash; oral tobacco adjusted OCI +1.8%; on! volume up 37.3%.