Altria Group (MO) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The sequential decrease followed a rise in the preceding quarter, while the year-over-year drop was steeper than the sequential decline.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The sequential decrease followed a rise in the preceding quarter, while the year-over-year drop was steeper than the sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
-4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.6B
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 |
|---|---|---|
| Dec 31, 2022 | $6.1B | -2.3% |
| Mar 31, 2023 | $5.7B | -2.9% |
| Jun 30, 2023 | $6.5B | -0.5% |
| Sep 30, 2023 | $6.3B | -4.1% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, reversing the prior period's upward movement. Compared with the same quarter one year earlier, revenue also contracted.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, which had shown an increase. On a year-over-year basis, the decline was more pronounced than the sequential change.
What to watch
The filing context does not provide specific causes for the revenue change; monitor future filings for any discussion of volume or pricing trends.