Decline of Altria's Stock and Rise of E-Cigarettes
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%.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.