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Altria's share price has performed worse than British American Tobacco over the past 5 years. Altria's cigarette volume fell by 10% in Q3, with smokeable revenues and EBIT also declining. The company blamed the growth of disposable e-cigarettes for their poor results. The US market is important for British American Tobacco as it accounts for half of their earnings. Altria's Q3 results caused their shares to drop by over 8%. However, new government data shows that tobacco use among middle schoolers increased while fewer high school students vaped.
High school students reported less tobacco and e-cigarette usage in the past year, federal data finds. https://t.co/axcfyhdLPG
Tobacco use in middle schoolers rose last year while fewer high school students vaped, according to new government data https://t.co/GrxCLtRrPO https://t.co/Frt9P5RLj6
The number of high school students who reported using e-cigarettes fell to 10 percent in the spring of this year from 14 percent last year, according to the results of an annual survey released on Thursday by federal health agencies. https://t.co/ZTxpygoa4A
E-cigarette use by US high school students falls in 2023 -survey https://t.co/wcMil2fQi6 https://t.co/VSWxNtUVb6
E-cigarette use declines among high school students https://t.co/4BVHWIpEJq
The number of high school students who reported using e-cigarettes fell to 10 percent in the spring of this year from 14 percent last year, according to the results of an annual survey released on Thursday by federal health agencies. https://t.co/jOloN2KZMU
Vaping Among U.S. High School Students Declines—But More Middle Schoolers Are Using Tobacco, Survey Says https://t.co/d5iWlH9llP https://t.co/EIB3YLDdDl
E-cigarette use declines among high school students, FDA and CDC say https://t.co/NpRn7pMdqf
National Youth Tobacco Survey, 2023 vs. 2022 Current (past 30-day) usage Any tobacco: 10.0% vs. 11.3% ↓ E-cigarettes: 7.7% vs. 9.4% ↓ Cigars: 1.6% vs. 1.9% ↓ Cigarettes: 1.6% vs. 1.6% = Nicotine pouches: 1.5% vs. 1.1% ↑ Multiple products: 3.4% vs. 3.5% ↓ $PM $MO $BATS $IMB https://t.co/E6zuGRMoJT
Tobacco use in middle schoolers rose last year while fewer high school students vaped, according to new government data https://t.co/uczQrr0GI9 https://t.co/gcLbXoxFud
If you hold British American Tobacco $BATS $BTI, you should care about the US market (½ of earnings) Altria $MO spooked the market on Thu with their Q3 results, sending their shares down 8%+ The problem is explosive growth of disposable e-cigs More here https://t.co/r37IvlgsJa https://t.co/9vli5ylUfj
"Altria: When the Theatre Manager Shouts 'Fire'" $MO cigarette volume fell by 10% again in Q3 Smokeable revenues, EBIT both fell Mgmt. blamed E-vapor for 1st time We cut forecasts but valuation is cheap We see 14% IRR, driven by 9.6% Dividend Yield Link on profile, pinned tweet https://t.co/M3UbSB0Yje
With yesterday's decline after Q3 results, Altria $MO share price has now done worse over 5 years than that of British Amerian Tobacco $BATS (for $BTI in $) See our profile / pinned tweet for a link to our FREE research on Tobacco stocks at the other place https://t.co/vhDfAcEiAt