Altria's Focus on Smoke-Free Products Aids Amid Soft Cigarette Volumes
Altria(MO) ZACKS·2024-09-03 23:00
Altria Group, Inc. (MO) has been benefiting from its strategic shift toward smoke-free products in the face of declining traditional cigarette volumes. Pricing power has also been working well for the company, which has seen its shares rally 35.3% in the past six months. While this performance trails the broader industry growth of 36.7%, it surpasses the Zacks Consumer Staples sector and S&P 500 gains of 7.8% and 10.6%, respectively.Image Source: Zacks Investment ResearchFocus on Smoke-Free Alternatives Dri ...