UPDATE 2-Marlboro maker Altria tops sales targets, keeps dividend [Reuters]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
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Source: Reuters
Marlboro maker Altria tops sales targets, keeps dividend (Reuters) - Altria Group Inc ( MO.N ) topped quarterly sales expectations as shoppers stocked up cigarettes ahead of COVID-19 lockdowns and the Marlboro maker said it would continue paying dividend, sending shares up about 2% in early trading on Thursday. The company, however, pulled its profit forecast for 2020 and beyond, saying it was unable to estimate the impact of the health crisis on its business. Movement restrictions by governments have not hampered sales as most of the retail stores in which Altria sells its products were deemed to be essential businesses and remained open, the company said. Volume sales of smokeable tobacco rose 6.2%, while those of smokeless tobacco, such as snus and nicotine pouches, rose 2.8% in the three months ending March. Still, the maker of smokeless tobacco and marketer of iQOS heat-not-burn cigarettes pulled its adjusted earnings per share (EPS) view of $4.39 to $4.51 per share in 2020 and
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News
- Altria (MO) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Altria (MO) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Altria's (MO) Smoke-Free Growth Underway With Latest FDA Nod [Yahoo! Finance]Yahoo! Finance
- Tobacco Market size is set to grow by USD 217.9 billion from 2024-2028, Increasing number of new product launches to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- FDA OKs first menthol e-cigarettes, drawing criticism from parent groups who say the agency has ‘failed American families' [Fortune]Fortune
MO
Earnings
- 4/25/24 - In-Line
MO
Sec Filings
- 6/7/24 - Form 11-K
- 6/7/24 - Form 11-K
- 6/5/24 - Form 10-K/A
- MO's page on the SEC website