About this episode
Altrias stock surged despite a decline in cigarette sales and mixed results in smoke-free products. The company reported a 50% increase in stock value over two years, driven by buzz around smoke-free options like On! nicotine pouches. However, cigarette shipments dropped 10% last year, and Altria is relying on price hikes to boost earnings. On! shipments grew 11%, but lost ground to Philip Morriss Zyn promotions. Altria aims for 2.5-5.5% earnings growth next year, with a 6.3% dividend yield. The companys future profits depend on the success of next-gen products in filling the cigarette void.
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