Altria revenue decline compensated for by uptick in oral tobacco in late 2021

Tobacco giant Altria’s net revenues slightly declined in 2021, partially offset by growth in the company’s oral tobacco products segment.

The Virginia, US-based manufacturer reported total net revenue down by 0.5% to $26.01bn in 2021 compared to 2020. For the last quarter of the year, the company reported net revenues down 0.5% to $6.25bn.