Altria Earnings Stall as Cigarette Sales Drop
Reading
Altria's profit did not grow this past quarter. Their stock price went down because of slow sales.
Altria's cigarette sales dropped by two percent. Cheap unauthorized e-cigarettes hurt their main product sales.
Altria wants to sell more new products like pouches. The FDA approved their \"on! Plus\" pouches for the market.
Altria's \"on! Plus\" pouches lost some market share. Zyn is a popular rival and offers very low prices.
Altria faced trouble with its NJOY e-cigarettes. Legal problems stopped sales of these vaping devices.
Questions
Did Altria's profit grow this past quarter?
No, Altria's profit did not grow this past quarter.
What happened to Altria's cigarette sales?
Altria's cigarette sales dropped by two percent.
What new product does Altria want to sell?
Altria wants to sell more new products like pouches.
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