The Latest Breaking News from Altria Group Inc

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

Altria Group Inc (NYSE:MO) reported a first-quarter FY22 sales decline of 2.4% year-on-year to $5.89 billion. Revenues net of excise taxes fell 1.3% to $4.82 billion. Net revenues for smokeable products increased 0.3%, and oral tobacco products fell 2.1%. Total cigarette volume declined 12%, with Marlboro shipment volume down 11.1%. Marlboro retail share…

Altria Group Inc's (NYSE:MO) short percent of float has risen 21.74% since its last report. The company recently reported that it has 15.28 million shares sold short, which is 0.84% of all regular shares that are available for trading.

Altria Group Inc's (NYSE:MO) short percent of float has risen 4.55% since its last report. The company recently reported that it has 12.68 million shares sold short, which is 0.69% of all regular shares that are available for trading.

Altria Group Inc (NYSE:MO) reported fourth-quarter FY21 revenues net of excise taxes of $5.09 billion, +0.6% year-on-year, beating the analyst consensus of $5 billion. Net revenues declined 0.8% to $6.26 billion. Revenue for smokeable products increased 2.3%, and oral tobacco products rose 4.8%. Gross profit climbed 5.4% Y/Y to $3.3 billion. The operating…