Altria Q3 revenue slips 0.4% to $6.3 billion as NJOY gains market share

Oct.31.2024
Altria Q3 revenue slips 0.4% to $6.3 billion as NJOY gains market share
Altria’s Q3 2024 report shows net revenue down 0.4% to $6.3 billion. Despite the slight decline, NJOY brand shipments and market share increased, with a growing share in the U.S. nicotine pouch market.

Altria Group, Inc. released its Q3 and nine-month earnings report for 2024 on its official website. The report shows that Q3 net revenue declined by 0.4% to $6.3 billion, while net revenue excluding excise taxes increased by 1.3% to $5.3 billion. 

 

For the first nine months, net revenue dropped by 2.5% to $18 billion, and net revenue excluding excise taxes decreased by 0.9% to $15.3 billion. The revenue decline was primarily attributed to decreased net revenue in the smokeable products segment.

 

Altria Q3 revenue slips 0.4% to $6.3 billion as NJOY gains market share
Translation into English: Altria's Q3 quarter and first nine months performance report screenshot | Image source: Altria official website

 

The report indicates that Q3 NJOY consumables shipments rose by 15.6% year-on-year, reaching 10.4 million units. NJOY device shipments doubled, up 100% to 1.1 million units. NJOY’s retail share of consumable products in the U.S. multi-channel and convenience store segments increased by 2.8% YoY, reaching 6.2%. 

 

For the first nine months, NJOY consumable shipments totaled 33.8 million units, while device shipments reached 3.9 million units. NJOY’s retail share for consumables in the U.S. multi-channel and convenience store segments stood at 5.3%.

 

In Q3, nicotine pouches accounted for 43.9% of the U.S. oral tobacco category, an increase of 11.4% YoY, with on! nicotine pouches holding a 20.3% share within the nicotine pouch segment. 

 

Over the first nine months, the nicotine pouch segment’s share of the U.S. oral tobacco market grew to 41.9%, up 12.4% YoY, while on! held a 19.1% share, marking a 3.8% decrease from the previous year.

 

Altria CEO Billy Gifford commented: "Altria achieved outstanding performance in the third quarter, with resilient Marlboro-driven revenue growth in the combustible products segment, and our MST brand continued to drive profitability in the oral tobacco segment while the on! brand maintained its momentum. We continue to reward shareholders through dividend growth and share repurchases while investing to pursue our vision."

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

South Korea’s Cigarette Smoking Rate Falls to 17.9%, E-Cigarette Use Continues to Rise
South Korea’s Cigarette Smoking Rate Falls to 17.9%, E-Cigarette Use Continues to Rise
Data released by the Korea Disease Control and Prevention Agency (KDCA) showed South Korea’s conventional cigarette smoking rate fell to 17.9% in 2025, while heated tobacco and liquid e-cigarette use continued to rise, particularly among young adults and women.
Jun.01
Swedish Government Minister Visits Nicotine Pouch Factory, Calls Sector Important Export Industry
Swedish Government Minister Visits Nicotine Pouch Factory, Calls Sector Important Export Industry
Sweden’s Minister for Foreign Trade and Development Cooperation, Benjamin Dousa, visited nicotine pouch producer Another Snus Factory on Monday, calling the sector an important export industry as several European countries tighten regulation of the products.The company produces about 30 million cans of white snus annually and holds roughly 12% of Sweden’s domestic market.
Apr.16
Shunhao Shares Reports 2025 Revenue of RMB 1.188 Billion, While Q1 2026 Net Profit Rises 49.94% and New Tobacco Operations Continue
Shunhao Shares Reports 2025 Revenue of RMB 1.188 Billion, While Q1 2026 Net Profit Rises 49.94% and New Tobacco Operations Continue
Shunhao Shares’ 2025 annual report summary and first-quarter 2026 report show that the company recorded 2025 revenue of RMB 1.188 billion, down 21.78% year on year, while net profit attributable to shareholders rose 30.00% to RMB 58.94 million. In the first quarter of 2026, revenue was RMB 291.51 million, down 10.34% year on year, while attributable net profit rose 49.94% to RMB 19.98 million.
Apr.29 by 2FIRSTS.ai
Jinjia Shares Discloses 2025 Annual and Q1 2026 Results With Revenue Growth, Profit Pressure and Expanding New Tobacco Business
Jinjia Shares Discloses 2025 Annual and Q1 2026 Results With Revenue Growth, Profit Pressure and Expanding New Tobacco Business
Jinjia Shares’ 2025 annual report summary and first-quarter 2026 report show that the company recorded 2025 revenue of RMB 2.988 billion, up 4.57% year on year, while net profit attributable to shareholders turned to a loss of RMB 346 million. In the first quarter of 2026, revenue rose 58.13% year on year to RMB 1.005 billion, but attributable net profit fell 45.16% to RMB 36.5349 million. The company said both revenue and cost growth were related to the expansion of its new tobacco business.
Apr.28 by 2FIRSTS.ai
From Brands to Supply Chains: 2Firsts Builds a PMTA Compliance Service System for the U.S. Market
From Brands to Supply Chains: 2Firsts Builds a PMTA Compliance Service System for the U.S. Market
2Firsts supports new tobacco and nicotine companies entering the U.S. market with full-chain PMTA compliance services.
Jun.04
Turning Point Brands Reports Q1 2026 Net Sales of $124.3 Million as Modern Oral Net Sales Rise 133%
Turning Point Brands Reports Q1 2026 Net Sales of $124.3 Million as Modern Oral Net Sales Rise 133%
Turning Point Brands reported first-quarter 2026 results on May 7, covering the period ended March 31, 2026. Total consolidated net sales were $124.3 million, up 16.8% year on year. Gross profit was $68.3 million, up 14.6%, while net income fell 19.0% to $11.7 million. Adjusted EBITDA declined 6.5% to $25.9 million.
May.08 by 2FIRSTS.ai