Welcome to our dedicated page for Altria Group news (Ticker: MO), a resource for investors and traders seeking the latest updates and insights on Altria Group stock.
Altria Group, Inc. (symbol: MO) is a major American corporation renowned for its production and marketing of tobacco, cigarettes, and related products. Headquartered in Henrico County, Virginia, near Richmond, Altria operates globally and is a significant player in the tobacco industry.
Altria's portfolio includes well-known subsidiaries such as Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through these subsidiaries, Altria maintains a leading position in the U.S. cigarette and smokeless tobacco markets, as well as holding the number-two spot in machine-made cigars.
The company's flagship brand, Marlboro, continues to dominate the U.S. market with a 42% annual share in 2022. Altria also holds an 8% interest in Anheuser-Busch InBev, the world's largest brewer, and a 42% stake in cannabis manufacturer Cronos. Recently, Altria acquired Njoy Holdings in 2023 and exited its strategic investment in Juul Labs. Additionally, Altria is involved in a joint venture with Japan Tobacco to explore opportunities in the heated tobacco sector.
The company is consistently active in the market, seeking to innovate and adapt to changing consumer preferences and regulatory landscapes. Altria's financial condition remains robust, supported by its diverse product offerings and strategic partnerships.
Altria Group (NYSE: MO) reaffirmed its 2025 full-year adjusted diluted EPS guidance of $5.22 to $5.37, representing a 2% to 5% growth from a $5.12 base in 2024. The guidance accounts for one fewer shipping day in 2025's first quarter and assumes impact from illicit e-vapor market enforcement.
The company's outlook includes reinvestment of cost savings from their Optimize & Accelerate initiative and factors in lower expected net periodic benefit income. The guidance considers various scenarios including economic conditions, adult tobacco consumer dynamics, and regulatory developments. Planned investments support Altria's Vision through marketplace activities for smoke-free products and continued research and development.
The guidance excludes certain items such as restructuring charges, asset impairment, acquisition-related items, and litigation matters that management considers outside of underlying operations.
Altria Group (NYSE: MO) has announced it will host a webcast of its business presentation at the Consumer Analyst Group of New York conference in Orlando, Florida. The event is scheduled for Wednesday, February 19, 2025, at 10:00 a.m. Eastern Time.
The presentation will feature Billy Gifford, Altria's Chief Executive Officer, and Sal Mancuso, Executive Vice President and Chief Financial Officer. The webcast will be available in listen-only mode and requires pre-event registration, which can be completed at www.altria.com/webcasts. An archived version of the webcast will be made available on altria.com following the event.
Altria Group (NYSE: MO) has announced the appointment of Richard S. Stoddart to its Board of Directors, effective February 3, 2025. Stoddart, who currently serves as board chair of Hasbro, Inc. (NASDAQ: HAS), brings extensive leadership experience from his roles at various companies. He will serve on Altria's Audit, Innovation, and Nominating, Corporate Governance and Social Responsibility Committees.
Stoddart's professional background includes serving as Hasbro's interim CEO from October 2021 to February 2022, CEO of InnerWorkings, Inc. until its acquisition in October 2020, and various leadership positions at Leo Burnett Worldwide, including CEO and Global President from 2016 to 2018.
Altria Group (NYSE: MO) reported its Q4 and full-year 2024 results, providing guidance for 2025. Key highlights include:
- Q4 2024 net revenues reached $5,974M (flat YoY), with adjusted diluted EPS of $1.29 (+9.3%)
- Full-year 2024 net revenues were $24,018M (-1.9% YoY), with adjusted diluted EPS of $5.12 (+3.4%)
- NJOY's Q4 performance showed strong growth with consumables shipment volume up 15.3% to 12.8M units and retail share reaching 6.4%
The company announced a new $1 billion share repurchase program to be completed by December 2025, after completing its previous $3.4B program. For 2025, Altria expects adjusted diluted EPS of $5.22-$5.37, representing 2-5% growth from 2024's $5.12 base.
Notable challenges include ITC's final determination in JUUL's case against NJOY, potentially affecting ACE product sales from March 31, 2025, and significant market presence of illicit e-vapor products, estimated at over 60% of the category.
Altria Group (NYSE: MO) has announced it will host a live audio webcast to discuss its 2024 fourth-quarter and full-year business results on Thursday, January 30, 2025, at 9:00 a.m. Eastern Time. The company will release its business results press release earlier the same day at approximately 7:00 a.m. Eastern Time.
The webcast will feature CEO Billy Gifford and CFO Sal Mancuso, who will present the results and address questions from the investment community and news media. The event will be in listen-only mode and requires pre-registration through www.altria.com/webcasts. An archived version of the webcast will be available on altria.com following the event.
Altria Group (NYSE: MO) has announced that its Board of Directors has declared a regular quarterly dividend of $1.02 per share. The dividend will be paid on January 10, 2025, to shareholders of record as of December 26, 2024. The ex-dividend date is also set for December 26, 2024.
Altria Group (NYSE: MO) reported Q3 2024 results with net revenues of $6,259 million, down 0.4% year-over-year. The company reaffirmed its 2024 full-year adjusted diluted EPS guidance of $5.07 to $5.15, representing 2.5% to 4% growth from 2023. Key highlights include solid performance in smokeable products, continued momentum of NJOY with 15.6% increase in consumables shipment volume, and announcement of an Optimize & Accelerate initiative expected to deliver $600 million in cost savings over five years. The company returned value to shareholders through $680 million in share repurchases and increased its quarterly dividend by 4.1%.
Altria Group, Inc. (NYSE: MO) has announced a live audio webcast scheduled for Thursday, October 31, 2024, at 9:00 a.m. Eastern Time. The webcast will cover Altria's 2024 third-quarter and nine-months business results. A press release detailing these results will be issued at approximately 7:00 a.m. Eastern Time on the same day.
The webcast, accessible at altria.com, will feature Billy Gifford, Altria's CEO, and Sal Mancuso, Altria's CFO, who will discuss the company's performance and address questions from the investment community and news media. The event will be in listen-only mode and requires pre-event registration, with directions available at www.altria.com/webcasts. An archived version of the webcast will be made available on Altria's website afterward.
Altria Group, Inc. (NYSE: MO) and NJOY respond to an initial determination by the U.S. International Trade Commission (ITC) Administrative Law Judge regarding JUUL Labs' patent infringement complaint against NJOY. The judge recommended an exclusion order to prohibit NJOY ACE importation into the U.S. Altria and NJOY disagree with this determination and await the full ITC's final decision by December 23, 2024.
NJOY filed a similar complaint against JUUL in August 2023, with a hearing held in June 2024 and an initial determination expected in September. The parties are engaged in mediation to resolve these disputes. NJOY has also filed Substantial Equivalence Exemption requests with the FDA for a modified ACE product to avoid patent issues.
An exclusion order on ACE, the first FDA-authorized pod-based e-vapor product, could limit choices for adult smokers and impact public health efforts.
Altria Group, Inc. (NYSE: MO) has announced a 4.1% increase in its regular quarterly dividend, raising it from $0.98 to $1.02 per share. The new dividend is payable on October 10, 2024, to shareholders of record as of September 16, 2024. This increase aligns with Altria's progressive dividend goal, targeting mid-single digits dividend per share growth annually through 2028. The new annualized dividend rate is $4.08 per share, representing a dividend yield of 7.9% based on the closing stock price of $51.81 on August 21, 2024. This marks Altria's 59th dividend increase in 55 years, demonstrating the company's commitment to shareholder returns.
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