Altria Reports 2021 First-Quarter Results


Also of note, Altria announced that between December 2020 and April 2021, Altria’s subsidiaries closed transactions to acquire the remaining 20 percent of the global oral nicotine product on! for a total of approximately $250 million. During the first quarter, Altria’s Helix company expanded the distribution of on! by an additional 15,000 stores. on! achieved a retail share of 1.7 percent in the first quarter, an increase of 0.6 percent from the fourth quarter of 2020.

Total e-vapor category volumes increased by 24 percent versus a year ago while Altria reported that JUUl’s retail share of the total e-vapor category was 33 percent, a decrease of 6 percent year-over-year and 2 percent sequentially. Altria reported a non-cash pre-tax unrealized loss of $200 million as a result of a decrease in the fear value of JUUL, which Altria has a stake in. As of March 31, 2021, the fair value of Altria’s JUUL investment was reported to be $1.5 billion.

Altria re-affirms its guidance for 2021 adjusted diluted EPS to be in a range of $4.49 to $4.62, representing a growth rate of 3-6 percent from an adjusted diluted EPS base of $4.36 in 2020.

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