Earnings Season| MO 4Q with a large cigarette volume loss
$Altria(MO)$ Altria 4Q with a large cigarette volume loss
Revenue -2.3% (cigarette shipment volume -12.1%)
Adj Net Income +6%
Adj Dil EPS +8.3%
new $1 billion share repurchase program
FY23 guidance
EPS $4.98 to $5.13 (+3% to 6% from Adj FY22 EPS)MO cigarette volume decline (reported) in FY22
1Q -6.3%
2Q -11.1%
3Q -9.7%
4Q -12.1%
FY -9.7%
Largest yearly volume decline since FY09
https://twitter.com/DividendWave/status/1620762448428171267
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