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Mar 31, 2023
Altria Q1 2023 Earnings Report
Altria reported a strong start to 2023 with solid performance in its tobacco businesses and progress towards its Vision.
Key Takeaways
Altria Group, Inc. reported its 2023 first-quarter business results and reaffirmed its guidance for 2023 full-year adjusted diluted earnings per share (EPS). The company delivered strong adjusted diluted EPS growth of 5.4%.
Net revenues decreased by 2.9% to $5.7 billion.
Adjusted diluted EPS increased by 5.4% to $1.18.
The company reaffirmed its guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13.
The company paid dividends of $1.7 billion in the first quarter.
Altria
Altria
Altria Revenue by Segment
Revenue by Segment
Smokeable Products Revenue
CapyFin.comOral Tobacco Products Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Altria reaffirms its guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13, representing a growth rate of 3% to 6% from an adjusted diluted EPS base of $4.84 in 2022.
Positive Outlook
- Continued smoke-free product research
- Development and regulatory preparation expenses
- Enhancement of our digital consumer engagement system
- Marketplace activities in support of our smoke-free products
- Lower expected net periodic benefit income due to market factors
Challenges Ahead
- Conditions related to the economy, including the impact of high inflation, rising interest rates and global supply chain disruptions
- ATC dynamics, including disposable income, purchasing patterns and adoption of smoke-free products
- Regulatory and legislative developments
- Higher interest rates
- The impact of the 2022 completion of the wind-down of our former financial services business
Revenue & Expenses
Visualization of income flow from segment revenue to net income