On August 11, Altria declined 3.03% in regular trading, trading at $66.3/share, with turnover of $291 million. The tobacco sector faced broad selling pressure during the session.
The decline came as the tobacco sector collectively weakened, with British American Tobacco falling 3.83%, Universal dropping 7.08%, and Philip Morris declining 1.56%. The sector pressure was compounded by lingering concerns following Altria's Q2 earnings report, which showed adjusted EPS of $1.48, missing the analyst consensus estimate of $1.50. Revenue came in at $6.11 billion, essentially flat year-over-year. The company's oral nicotine pouch business saw volume declines, partially offsetting cigarette gains. Altria narrowed its full-year adjusted EPS guidance to $5.61-$5.72, with management citing expectations that second-half tobacco import/export activity would contribute greater earnings. However, executives acknowledged that persistent economic pressure on consumers continues to reshape the cigarette industry landscape, weighing on the company's profitability outlook.
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