Altria Group Inc.

NYSE:MO   3:07:04 PM EDT
+0.91 (+1.88%)
Other Pre-Announcement

Altria Reports Q1 EPS Of $0.77

Published: 04/29/2021 11:20 GMT
Altria Group Inc. (MO) - Altria Reports 2021 First-quarter Results; Reaffirms 2021 Earnings Guidance; Acquires Remaining 20% of Global On! Business.
Reaffirms FY Adjusted Earnings per Share View $4.49 to $4.62.
Qtrly Reported Diluted EPS $ 0.77.
Qtrly Adjusted Diluted EPS $ 1.07.
Reaffirms Guidance for 2021 Full-year Adjusted Diluted EPS to Be in Range of $4.49 to $4.62, Representing Growth Rate of 3% to 6%.
Q1 Revenue Fell 5.1 Percent to $6.0 Billion.
Juul's Operations Were Negatively Impacted in 2020 by Covid-19 Due to Stay-at-home Practices and Government-mandated Restrictions.
Qtrly Total Cigarette Shipment Volumes 22.01 Billion, Down by 12.0%.
As of March 31, 2021, Fair Value of Altria's Juul Investment Was $1.5 Billion.
Abi Did Not Provide Earnings Guidance for 2021 Given Continued Uncertainty.
Expects 2021 Adjusted Diluted EPS Growth in Last Three Quarters of Year.
Q1 Revenue View $4.98 Billion -- Refinitiv Ibes Data (analyst estimates).
Q1 Earnings per Share View $1.05 -- Refinitiv Ibes Data (analyst estimates).
Recorded a Non-cash Pre-tax Unrealized Loss of $200 Million As a Result of a Decrease in Fair Value of Juul in Q1.