Altria Group MO

Altria Group Inc. is navigating a significant transition amidst declining traditional cigarette sales and increasing regulatory pressures. In its latest report for Q2 2022, the company reported adjusted earnings of $1.26 per share and revenue of $6.54 billion, despite a year-on-year sales decline of 5.7%. The firm continues to pursue share repurchases and uphold dividends while shifting focus towards smokeless tobacco and e-vapor products, reflecting a strategic pivot in response to market dynamics. The recent removal of the NJOY ACE e-vapor product underscores this transformation as Altria adapts to evolving consumer preferences and regulatory challenges.