Altria Group (MO) Revenue — Quarter Ended Sep 30, 2024
The company’s revenue for the reporting period increased compared with the immediately preceding quarter, but declined relative to the same quarter one year earlier. The quarter-over-quarter rise marked a continuation of the upward trend seen in the prior period, while the year-over-year decline was modest.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
The company’s revenue for the reporting period increased compared with the immediately preceding quarter, but declined relative to the same quarter one year earlier. The quarter-over-quarter rise marked a continuation of the upward trend seen in the prior period, while the year-over-year decline was modest.
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
+0.8%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
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 |
|---|---|---|
| Dec 31, 2023 | $6B | -2.2% |
| Mar 31, 2024 | $5.6B | -2.5% |
| Jun 30, 2024 | $6.2B | -4.6% |
| Sep 30, 2024 | $6.3B | -0.4% |
Revenue performance
Revenue rose sequentially, building on the improvement from the preceding quarter. This represented a slight increase from the previous three-month period.
Quarterly comparison
Compared with the same quarter a year ago, revenue was slightly lower. The year-over-year change was negative, albeit relatively small.
What to watch
The company recently announced a multi-phase cost-saving initiative intended to modernize operations and improve efficiency, with detailed plans expected over the next twelve to eighteen months.