Tag Archives: Altria Group Inc.

Cigarette Prices Increasing 6 Cents per Pack

Tobacco companies such as Altria Group Inc. and Reynolds American Inc. are going to increase the prices of cigarettes by a six-cent per-pack. However, a cigarette maker Lorillard Inc. has not followed this move, the Wall Street Journal informed. Philip Morris USA, the property of Altria and maker of Marlboro and L&M cigarettes, will bring its cigarette price increase into … Continue reading Continue reading

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Altria to Launch Its First Tobacco-Free Nicotine Product

Altria Group Inc. is stepping outside its usual comfort zone and getting ready to introduce its first tobacco-less nicotine product, Verve, to the marketplace. The company will sell Verve in more than 50 stores in its home state of Virginia, but has not decided on a national rollout at this time. According to the Wall Street Journal, the tobacco giant … Continue reading

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Marlboro maker Altria 1Q profit up nearly 4 pct

Marlboro maker Altria Group Inc. said Thursday that its first-quarter profit rose almost 4 percent as higher prices and cost-cutting helped offset declines in cigarette volumes. The owner of the biggest US cigarette maker reported net income of $973 million, or 48 cents per share, for the three-month period ended March 31, up from $937 million, or 45 cents a … Continue reading

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Altria seeks to tap wide-ranging tobacco users

Today’s smokers are more open to trying different types of tobacco than smokers of previous generations, and Altria Group Inc is working on new products to entice consumers who want a change from cigarettes, the company said. The company, best-known for its Marlboro cigarettes, also stood by the profit forecast it gave in late January. Altria, whose other products include … Continue reading

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Earnings Preview: Altria Group Inc.

Altria Group Inc., parent of the biggest U.S. cigarette maker, Philip Morris USA, is expected to report higher fourth-quarter profit and revenue when it releases its results before the stock market opens Friday. As Americans buy fewer cigarettes amid increasing health concerns and rising tobacco taxes, Altria’s volumes have fallen markedly, but the company has managed to maintain its profit … Continue reading

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Philip Morris Jacks Up Foreign Cig Prices, Smokes Up To $70

Philip Morris International, the world’s leading international tobacco company outside the U.S. and China, announce its Q2 2011 earnings on the 21st of July. PMI’s product portfolio boast of eight of the world’s top 15 brands, including Marlboro, the number one cigarette brand worldwide. Until a spin-off in 2008, Philip Morris International was an operating company of the Altria Group. … Continue reading

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Earnings Preview: Altria Group Inc.

Altria Group Inc., owner of the biggest U.S. cigarette maker, Philip Morris USA, is expected to show rising profit when it reports its second-quarter results before the stock market opens Wednesday, even though Americans are still buying fewer cigarettes in the face of tax increases and rising health concerns. WHAT TO WATCH FOR: Whether Marlboro, the top-selling U.S. cigarette brand, … Continue reading

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Philip Morris Flourishes Since Spinoff

Philip Morris International is the world’s leading international tobacco company with eight of the world’s top 15 international brands, including Marlboro, the top cigarette brand in the world. Until a spin-off in March 2008, Philip Morris International was an operating company of the Altria Group. The independent Philip Morris International sells tobacco products in the international markets while Altria maintains … Continue reading

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Lorillard Raises Cigarette Prices, Competitors Likely To Follow

NEW YORK – Lorillard Inc. (LO) has increased prices on most of its cigarette brands, its first such increase in seven months. The company raised the price of its largest seller, Newport Menthol, by five cents per pack. Newport non-menthol, a relatively new but fast-growing line, is getting an 11 cent per-pack boost, while other brands will increase by eight … Continue reading

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Altria Group Still Has Upside

The Altria Group (MO) is engaged in the manufacture and sale of cigarettes, certain smokeless products and wine within the United States. MO has a number of entities, namely Philip Morris USA, U.S. Smokeless Tobacco Company and Philip Morris Capital Corporation. In addition, the company held a 27.3% stake in the second-largest brewer SABMiller (SBMRY.PK). The company made a spin-off … Continue reading

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