2024-04-22 07:30:00 ET
Summary
- Altria Group, Inc. will report its first-quarter 2024 earnings on Thursday, April 25, before the market opens.
- In this earnings preview, I share my thoughts on MO's previous earnings and what can be expected from the upcoming report, as well as longer term.
- I explain the tobacco company's key challenges, but also point out some bright spots.
- In particular, I will take a look at Altria's performance in 2023, industry metrics and how I believe Altria can achieve its stated growth target for the period 2024-2028.
Introduction
Tobacco major Altria Group, Inc. ( MO ) will report its first-quarter 2024 earnings on Thursday, April 25, before the stock market opens and will hold the corresponding conference call at 9 a.m. Eastern time. Things are not going too well for the cigarette industry in the U.S. in general and for Altria in particular. High inflation is causing consumers to turn to cheaper branded or discount cigarettes, and the increasing availability of (often illegal) e-vapor products and oral nicotine products are also contributing to the current well above average decline in cigarette volumes....
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For further details see:
Altria Q1 Earnings Preview: Is The 2024-2028 Growth Expectation Realistic?