Decline of Altria's Stock and Rise of E-Cigarettes

Market by 2FIRSTS.ai
Nov.01.2023
Decline of Altria's Stock and Rise of E-Cigarettes
Altria's stock recently declined due to lower-than-expected earnings, but its value lies in its "dividend-investing" function.

According to a report from Seeking Alpha, the stock of Altria Corporation has recently experienced a decline due to lower-than-expected profits in their most recent earnings report. However, it should be noted that profitability should not be the sole factor for investors to consider, as the company's value lies in its capability for "dividend investing.

 

According to a Gallup poll conducted from July 3rd to the 27th, only 12% of American adults reported "smoking" in the past week. While this figure represents a slight increase from the 11% reported in 2022, it marks a historic low in smoking trends in the United States over the 80 years.

 

Altria's revenue reached a record high of $21.9 billion in 2021, but has seen a decline in recent quarters. The future will reveal whether this downturn is a result of the current economic downturn or certain underlying issues.

 

Altria may ensure its future primarily by dominating the e-cigarette market, much like it has done in the traditional cigarette industry. Despite the best efforts of parents and anti-smoking organizations, e-cigarettes continue to remain popular among young people and the trend is only growing. Currently, the usage rate of e-cigarettes among young people stands at 18%, surpassing the smoking rate of traditional cigarettes at 10%.

 

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

Related Topics