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News analysis

Altria reports solid oral tobacco segment performance despite lower revenues

Written by || 2nd August 2023 || News analysis | Financial results | Major brands | Modern oral | GeographiesEurope North America Sweden United States

Altria reported a solid performance in the first half of 2023 despite lower net revenues, partially offset by higher revenue in the oral tobacco segment.

In September the company plans to begin an international test of its new On! Plus tobacco-derived nicotine wet pouch product, which will be available via e-commerce in Sweden. Altria said it is on track to file a premarket tobacco product application (PMTA) with the US Food and Drug Administration (FDA) for On! Plus next year.

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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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