ALTRIA GROUP Reports Q2 Earnings for FY2023, Ending June 30, 2023

August 14, 2023

Categories: Earnings Report, TobaccoTags: , , Views: 63

🌥️Earnings Overview

For the second quarter of FY2023, ALTRIA GROUP ($NYSE:MO) reported a total revenue of USD 5438.0 million, up 1.2% from the same period in the previous year. Net income also increased significantly, reaching USD 2117.0 million – a 137.6% year-on-year increase.

Share Price

On Tuesday, ALTRIA GROUP released its second quarter earnings report for the financial year ending June 30, 2023.The report showed that the stock opened at $45.7 and closed at $45.2, representing a 0.5% decrease from the previous closing price of $45.4. Overall, ALTRIA GROUP had a strong quarter, with increases in both net income and EPS, despite a slight decrease in stock price. The company is expected to continue its momentum into the next quarter and the remainder of the financial year. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Altria Group. More…

    Total Revenues Net Income Net Margin
    20.7k 6.8k 32.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Altria Group. More…

    Operations Investing Financing
    8.8k -1.93k -8.59k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Altria Group. More…

    Total Assets Total Liabilities Book Value Per Share
    37.15k 40.93k -2.16
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Altria Group are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.6% 3.1% 45.7%
    FCF Margin ROE ROA
    41.4% -153.3% 15.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of ALTRIA GROUP‘s financials. According to our Star Chart, ALTRIA GROUP is classified as a ‘cow’, meaning that the company has a track record of paying out consistent and sustainable dividends. This type of company may be of particular interest to income investors seeking steady returns from their investments. Our analysis shows that ALTRIA GROUP is strong in dividend and profitability, but weak in asset and growth. Despite this, ALTRIA GROUP still has a very high health score of 8/10 when considering its cashflows and debt. This signifies that the company is capable of paying off debt and funding future operations. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The tobacco industry is fiercely competitive, with Altria Group Inc up against Swedish Match AB, Imperial Brands PLC, British American Tobacco PLC, and other companies. All are vying for a share of the global tobacco market, which is estimated to be worth $837 billion.

    – Swedish Match AB ($LTS:0GO4)

    Founded in 1862, Swedish Match is a leading manufacturer of tobacco products with a portfolio of well-known brands, including Red Man, Timber Wolf, and White Owl. The company also produces a wide range of smokeless tobacco products, including snus and moist snuff, as well as cigars and matches. Swedish Match is headquartered in Stockholm, Sweden, and has operations in more than 90 countries.

    Swedish Match has a market capitalization of 167.51 billion as of 2022 and a return on equity of -107.57%. The company’s products are sold in more than 90 countries around the world.

    – Imperial Brands PLC ($LSE:IMB)

    Imperial Brands PLC is a tobacco company with a market cap of 19.07B as of 2022. The company has a Return on Equity of 50.52%. Imperial Brands PLC is a leading international tobacco company, with products sold in over 160 countries. The company’s portfolio includes well-known brands such as Gauloises, West, and Rizla. Imperial Brands PLC is committed to providing shareholders with long-term value through a combination of growth and dividend income.

    – British American Tobacco PLC ($LSE:BATS)

    British American Tobacco PLC is a large multinational tobacco company with operations in over 50 countries. The company has a market capitalization of over $73 billion as of 2022 and a return on equity of 8.35%. British American Tobacco is one of the world’s largest producers of cigarettes and other tobacco products. The company’s brands include Dunhill, Lucky Strike, and Pall Mall. British American Tobacco also has a strong presence in the e-cigarette and vaping market with its Vype and glo brands.


    ALTRIA GROUP has seen a positive trend in its second quarter of FY2023, with total revenue increasing 1.2% year over year to USD 5438.0 million and net income increasing 137.6% to USD 2117.0 million. This is a positive sign for investors as it shows the company’s ability to generate consistent and increasing profits. With a strong balance sheet and continued growth, investors may find ALTRIA GROUP a viable option for long-term investments.

    The company also has a well-established presence in the tobacco industry, an industry which continues to be profitable and provide reliable returns. Overall, ALTRIA GROUP appears to be an attractive investment opportunity for investors looking for stable and growing returns.

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