• Altria’s first quarter revenue, excluding excise taxes, met estimates at $4.72 billion, a 1% year-on-year decrease.
• Smokeable products revenue, after excluding excise tax, was $4.07 billion, undergoing a 2.2% y/y decrease and falling short of the $4.32 billion estimate.
• Revenue from oral tobacco products, post excise tax deductions, was reported at $626 million, rising by 4.3% y/y and slightly under the $627.1 million estimate.
• Adjusted earnings per share stood at $1.15, down from $1.18 last year but surpassing the estimate of $1.14.
• The adjusted operating income from smokeable products was $2.45 billion, a decline of 2.5% y/y, and was below the estimated $2.48 billion.
• The adjusted operating income for oral tobacco rose by 4.6% y/y to $435 million, which exceeded the estimate of $433.9 million.
• Cigarette shipment volume was reported at 16.45 billion sticks, under the estimate of 16.78 billion.
• The volume of cigarette shipments decreased by 10%, which is a higher decrease than the anticipated 8.6%.
• Cigar shipments reached 417 million units, below the estimated 445.41 million.
• Cigar shipment volume fell by 6.1%, contrary to an estimated increase of 1.5%.
• Oral tobacco shipment volume was 184.6 million cans & packs, a little bit under the estimate of 187.81 million.
• A decrease of 3.1% was seen in the shipment volume of oral tobacco products, a little higher than the estimated decrease of 2.4%.
• “In spite of the absence of an effective regulatory environment, we saw continued early momentum from NJOY and believe our businesses are on track to deliver against full-year plans.” – Not specified who commented this.
• There are 6 buys, 6 holds and 3 sells for Altria.
Altria Group on Smartkarma
Altria Group is receiving positive analyst coverage on Smartkarma, a platform where top independent analysts share their research. One such report by Baptista Research, titled “Altria Group: Promotion Of Smoke-Free Products & 5 Other Factors Driving Growth! – Financial Forecasts,” highlighted key points from the company’s recent earnings call. The report emphasizes Altria Group‘s strategic shift towards diversification into smoke-free product categories like heated tobacco, oral tobacco, and e-vapor. This move is viewed as a way to mitigate the impact of declining cigarette volumes and expand its consumer reach, ultimately enhancing its long-term growth outlook.
A look at Altria Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Altria Group, Inc. is a holding company known for its dominant position in the tobacco industry. According to Smartkarma Smart Scores, Altria Group excels in several key areas. It boasts top scores in Dividend and Resilience, indicating strong performance in terms of shareholder returns and its ability to withstand economic challenges. Additionally, the company scores well in Growth and Momentum, highlighting its potential for expansion and positive market sentiment.
Looking ahead, based on the provided Smart Scores, Altria Group seems well-positioned for long-term success. With high marks in important factors like Dividend and Resilience, the company appears to offer stability and attractive returns for investors. Its solid scores in Growth and Momentum further suggest that Altria Group has the potential for continued growth and positive performance in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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