Anticipated Outcomes and Projections for Altria's First Quarter 2024 Earnings
Wednesday, 17 April 2024, 17:47
Revenue
Analysts expect Altria's revenue in Q1 2024 to be $4.7 billion, down from $5.7 billion in the same period last year.
Earnings
The consensus EPS for Q1 2024 is $1.15, compared to $1.18 in Q1 2023.
Points to note
- Industry Challenges: The cigarette industry faces hurdles from inflation and e-vapor growth, leading to a decline in volumes.
- Strategic Shifts: Altria's focus on smoke-free products, including NJOY acquisition, expects to bolster growth.
- Operational Performance: Despite setbacks in smokeable products, Altria's oral tobacco segment shows promising revenue and volume increases.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.