Altria’s Marlboro Shipment Volume Plunges 8.7% In Q1 – What’s Going On?

Altria Group beats expectations with a 2.5% year-on-year sales growth to $5.58 billion in Q1 FY24. Despite a decline in smokeable products revenue, gains in oral tobacco products and other segments offset the decrease. Altria’s adjusted EPS of $1.15 meets forecasts.

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