The cigarettes account for one-third of all sold in the U.S. and are predominantly consumed by Black and Hispanic smokers.
Altria's (MO) first-quarter 2024 results reflect lower cigarette shipment volumes as a result of macroeconomic pressure on ATC behavior. However, pricing remains an upside.
Despite a dip in EPS and cigarette volumes, Altria forecasts growth and expands shareholder returns.