Altria Group (MO) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter rose compared with the immediately preceding quarter, but declined slightly from the same period one year earlier. The filing discusses the company's smoke-free product portfolio and related business activities.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter rose compared with the immediately preceding quarter, but declined slightly from the same period one year earlier. The filing discusses the company's smoke-free product portfolio and related business activities.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.5B
Revenue reported for this quarter.
Quarter-over-quarter
+13.8%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
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 |
|---|---|---|
| Sep 30, 2022 | $6.6B | -3.5% |
| Dec 31, 2022 | $6.1B | -2.3% |
| Mar 31, 2023 | $5.7B | -2.9% |
| Jun 30, 2023 | $6.5B | -0.5% |
Revenue performance
The reported revenue direction was upward relative to the prior quarter, reversing the sequential decline seen in the previous period.
Quarterly comparison
Compared with the same quarter a year earlier, revenue was marginally lower, while the sequential quarter showed a notable increase.
What to watch
Monitor the progress of the company's smoke-free product commercialization and any related regulatory updates.