Altria Group (MO) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.7B
Revenue reported for this quarter.
Quarter-over-quarter
-6.4%
Change from the immediately preceding quarter.
Year-over-year
-2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.5B | -5.7% |
| Sep 30, 2022 | $6.6B | -3.5% |
| Dec 31, 2022 | $6.1B | -2.3% |
| Mar 31, 2023 | $5.7B | -2.9% |
Revenue performance
Reported revenue fell from the level achieved in the prior quarter, marking a sequential decline. The company's top line also contracted relative to the comparable period a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, and the year-over-year comparison also showed a decrease. The magnitude of the sequential decline was more pronounced than the annual drop.
What to watch
The ongoing revenue contraction warrants monitoring of future filings for any signs of stabilization or further deterioration.