Nicotine's Future Looks to Be Smoke-Free -- But Ultra-High-Yield Altria Is Falling Behind
Altria (NYSE: MO) has multiple problems on its hands. The biggest is that demand for cigarettes, its largest product, is in decline. Yet, the company is talking up the opportunities it has in front of it. But the very opportunity set management is highlighting seems to show that Altria is falling behind. Here's what you need to know.Altria's largest business is selling cigarettes. Smokeable tobacco products accounted for 88% of the company's revenues in 2024, and cigarettes represented nearly 98% of smokeable tobacco volumes. Very clearly, cigarettes are vital to the company's financial success right now.Image source: Getty Images.Continue reading
Altria (NYSE: MO) has multiple problems on its hands. The biggest is that demand for cigarettes, its largest product, is in decline. Yet, the company is talking up the opportunities it has in front of it. But the very opportunity set management is highlighting seems to show that Altria is falling behind. Here's what you need to know.
Altria's largest business is selling cigarettes. Smokeable tobacco products accounted for 88% of the company's revenues in 2024, and cigarettes represented nearly 98% of smokeable tobacco volumes. Very clearly, cigarettes are vital to the company's financial success right now.
Image source: Getty Images.
