Altria posts better-than-expected Q3 results on robust demand for vapes, nicotine pouches [Yahoo! Finance Canada]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance Canada
Altria's NJOY vapes and on! nicotine pouches have seen steady demand in the United States, with its menthol flavored NJOY vape products receiving authorization from the U.S. Food and Drug Administration for sale. Big tobacco's bet on alternatives to traditional cigarettes is being watched closely by investors as companies such as Altria and its peers deal with weak demand for cigarettes and face stiff competition from local brands for vapes. The company said in July it had sent data to the FDA on growth in illegal nicotine pouches, which it said depicted early stages of a massive black market for vapes. Domestic cigarette shipment volume in the smokeable products segment fell 8.6% in the third quarter, while NJOY devices reported shipment volume increased over 100% year-over-year to 1.1 million units. Shipment volume for on! nicotine pouches rose 46% in the quarter, while demand continued to weaken for the company's chewing tobacco products such as Copenhagen. Shares of the
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News
- Why Altria Stock Was Surging Today [Yahoo! Finance]Yahoo! Finance
- Tobacco giant Altria's stock rallies on Q3 revenue, profit beat [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tobacco giant Altria's stock rallies on Q3 revenue, profit beat [Yahoo! Finance]Yahoo! Finance
- Altria Q3: Earnings Beat, NJOY Gains Ground, But Marlboro Loses Share In Shrinking Market [Yahoo! Finance]Yahoo! Finance
- Altria posts better-than-expected Q3 results on robust demand for vapes, nicotine pouches [Yahoo! Finance]Yahoo! Finance
MO
Earnings
- 10/31/24 - Beat
MO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/2/24 - Form 4
- MO's page on the SEC website