Altria Group’s Cigarette Volumes Up

Published on November 3rd, 2015 00:00

Philip Morris USA’s local cigarette shipment volume within the three months to the end of June increased by around 3.1 % in comparison to that of the three months to the end of June 2014, 32,134 million.

Marlboro shipments raised by 3.0 % to 28,498 million; shipments of other premium cigarette brands on the contrary have declined by 3.4 % to 1,767 million; while shipments of lower priced cigarette brands raised by 8.9 % to 2,859 million. PM USA’s share of the local retail cigarette market throughout the three months to the end of June has increased by around 0.5 of a percentage point in comparison to that of June 2014. Marlboro’s share, at 44.2 %, raised by 0.3 of a percentage point; the share of its other premium brands dropped to 2.8 %; while the share of the company’s low cost brands was amplified to 4.4 %.

The Altria Group recently released its 2Q and first-half outcomes for 2015. At the same time, PM USA’s cigarette shipment volume in the course of the six months was increased by 2.4 % in comparison to that of June 2014, 60,883 million

Marlboro shipments went up by 2.1 %; shipments of other premium cigarette brands dropped by 3.3 % to 3,345 million; whereas shipments of low cost brands raised by 8.8 % to 5,362 million. Altria’s 2Q earnings per share (EPS) have boosted by 15.6 % to $0.74, and its second-quarter adjusted diluted EPS, which doesn't take into account the effect of particular items, have raised by 13.8 % to $0.74.

Altria’s first-half documented diluted EPS dropped by 1.6 % to $1.25, however its first-half adjusted diluted EPS amplified by 13.1 % to $1.38. “Altria presented great 2Q and first-half outcomes, increasing adjusted diluted EPS over 13 % with a quite solid overall performance from the smokeable products segment and sound efforts across our other corporations,” mentioned Marty Barrington, Altria’s chairman, CEO and president. “Additionally, our cigarette companies’ brands persisted to fortify their market leadership, with a historic retail share on Marlboro and over 51 % combined share on Copenhagen and Skoal year-to-date. “Primarily based on this quite solid first-half overall performance and our perspective for the second half, we are increasing our full-year adjusted EPS guidance.”