2024-01-23 08:30:00 ET
Summary
- After a disappointing Q3 report, Altria Group is set to release its Q4 and full-year 2023 earnings report next Thursday, on February 1.
- I share my expectations, taking into account Altria's recent modification to the factors contributing to the cigarette industry decline - the main reason for the sharp drop in late October.
- I provide an update on Altria's premium brand performance, discuss how well its discount segment is holding up, and what I'll be watching for in the upcoming earnings report.
- I explain why the company's future is not as bleak as the price of MO stock suggests - as long as management continues to execute well where it matters most.
Introduction
Altria Group, Inc. ( MO ) will release its fourth-quarter and full-year 2023 results next Thursday, February 1. With the precipitous drop in reaction to the third-quarter results published on October 26, 2023 still on the mind of investors, it's worth talking about what's in store for next week's report....
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For further details see:
Altria Q4 Earnings Preview: The Next Leg Lower? No, Here's Why