Altria Group (MO) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose from the immediately preceding period but fell compared to the same quarter one year earlier. The sequential improvement follows a period of declines, while the year-over-year performance continues a pattern of contraction.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose from the immediately preceding period but fell compared to the same quarter one year earlier. The sequential improvement follows a period of declines, while the year-over-year performance continues a pattern of contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+11.4%
Change from the immediately preceding quarter.
Year-over-year
-4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$24B
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, 2023 | $6.3B | -4.1% |
| Dec 31, 2023 | $6B | -2.2% |
| Mar 31, 2024 | $5.6B | -2.5% |
| Jun 30, 2024 | $6.2B | -4.6% |
Revenue performance
Revenue increased from the prior quarter, reversing the previous period's decline. However, compared with the same quarter last year, revenue was lower.
Quarterly comparison
Relative to the prior quarter, revenue improved. Relative to the same quarter one year ago, revenue decreased.
What to watch
The year-over-year decline in revenue has persisted for several consecutive quarters, suggesting continued pressure on the top line.