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News analysis

Altria Q3 results: net revenue falls though revenues up in oral tobacco products

Written by || 31st October 2022 || News analysis | Heated tobacco | Major brands | Modern oral | GeographiesNorth America United States Virginia

Fewer people smoking has led to US cigarette maker Altria continuing to see a decrease in revenue over the third quarter of 2022, partially offset by higher net revenues in the oral tobacco products segment.

The Big Tobacco company attributed the drop to the sale of the group’s wine business in October 2021 as well as lower net revenues in the smokable segment.

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Antonia Di Lorenzo

Newsdesk editor/EU lead reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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