Altria Group (MO) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reporting quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year decline.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reporting quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
-6.7%
Change from the immediately preceding quarter.
Year-over-year
-2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.3B
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, 2023 | $6.5B | -0.5% |
| Sep 30, 2023 | $6.3B | -4.1% |
| Dec 31, 2023 | $6B | -2.2% |
| Mar 31, 2024 | $5.6B | -2.5% |
Revenue performance
The reported revenue moved lower, reflecting a contraction from the prior quarter's level.
Quarterly comparison
Compared with the preceding quarter, revenue declined at a steeper rate than the decrease seen from the same quarter one year earlier.
What to watch
The sequential revenue decline was larger than the annual decline, warranting attention to the near-term trend.