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Earnings Call Summary | Altria(MO.US) Q1 2024 Earnings Conference

moomoo AI ·  Apr 25 15:36  · Conference Call

The following is a summary of the Altria Group, Inc. (MO) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Altria Group reported a decrease in Q1 2024 adjusted diluted earnings per share by 2.5%.

  • The smokeable products segment delivered over $2.4 billion in adjusted operating income, due in part to an 8.5% net price realization.

  • Adjusted Operating Income for the oral tobacco products segment grew 4.6%.

  • Altria Group sold a portion of their stake in Anheuser-Busch InBev and expanded their share repurchase program to $3.4 billion.

Business Progress:

  • Altria expanded the distribution of NJOY to over 80,000 stores and aims to expand further by the year end.

  • The firm's roll-out of NJOY's retail trade program has secured premium positioning in over 70% of contracted stores.

  • Altria Group made meaningful business progress despite regulatory challenges, specifically in the e-vapor market.

  • Altria continues to aggressively pursue efforts to create conditions for tobacco harm reduction's success in the US.

  • The company plans to invest in promotions and retail presence based on targeted data analytics.

More details: Altria IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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