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News analysis

Despite revenue decrease in Q1, Altria believes business is on track for the year

Written by || 2nd May 2022 || News analysis | Major brands | GeographiesNorth America United States

Altria saw $5.9bn in revenue in Q1 2022 – a decrease from both Q4 2021 ($6.25bn) and by 2.4% compared to Q1 2021.

Altria attributed the drop in revenue to the sale of the group’s wine business last October. The firm’s tobacco business however, the US manufacturer said, achieved a good performance despite the unfavourable geopolitical and economic conditions caused by the war in Ukraine and the Covid-19 pandemic, which caused higher gas prices and inflation.

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Tiziana Cauli

Senior reporter/health & science editor
Tiziana is an Italian journalist from Sardinia. She has worked for both international and local media in Italy, South Africa, France, Spain, the UK, Lebanon and Belgium. She also worked as a communications manager for several international NGOs in the humanitarian sector. Tiziana holds a degree in Political Science and a PhD in African Studies from the University of Cagliari and she’s a graduate of the Carlo De Martino school of journalism in Milan.

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