Altria Q3 adjusted EPS $1.38 beats, reaffirms FY24 EPS $5.07-$5.15, announces $600M cost savings plan

ALTRIA GROUP, INC.

2024-Q3 EPS reported $4.75 revenue$18,044,000,000

Q3 adjusted diluted EPS $1.38 (+7.8% YoY); reported EPS $1.34 (+9.8%).
Revenues net of excise taxes $5.34B (+1.3%); smokeable products OCI up 7.1%.
Cigarette shipment volume -8.6%; Marlboro retail share 41.7% (-0.6 pts).
Board raised quarterly dividend 4.1% to $4.08 annualized; $680M share repurchases in Q3.
New Optimize & Accelerate initiative targets at least $600M cumulative cost savings over 5 years.

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