Skip to main content
Thursday, November 12, 2026Nov 12
Subscribe
All Sections
Search
More

Altria profit up 20 percent on higher cigarette shipments

FILE - In this July 17, 2015, file photo, store manager Stephanie Hunt poses for photos with a pack of Marlboro cigarettes, an Altria brand, at a Smoker Friendly shop in Pittsburgh. Altria reports financial results on Thursday, April 28, 2016. (AP Photo/Gene J. Puskar, File)
FILE - In this July 17, 2015, file photo, store manager Stephanie Hunt poses for photos with a pack of Marlboro cigarettes, an Altria brand, at a Smoker Friendly shop in Pittsburgh. Altria reports financial results on Thursday, April 28, 2016. (AP Photo/Gene J. Puskar, File) FILE - In this July 17, 2015, file photo, store manager Stephanie Hunt poses for photos with a pack of Marlboro cigarettes, an Altria brand, at a Smoker Friendly shop in Pittsburgh. Altria reports financial results on Thursday, April 28, 2016. (AP Photo/Gene J. Puskar, File)

By Associated Press 2 min read

RICHMOND, Va. (AP) – Altria, the owner of cigarette maker Philip Morris USA, said its first-quarter profit rose about 20 percent as it shipped more cigarettes and other tobacco products.

Shares of Altria Group Inc. rose less than 1 percent before the stock market opened Thursday.

The company said cigarette shipments, including its biggest brand Marlboro, rose 1.2 percent in the quarter from the same time a year ago. Shipments of its smokeless tobacco products, which include its Copenhagen and Skoal brands, rose 7.8 percent.

The company is in the midst of cutting $300 million of costs by the end of 2017, which includes job cuts.

In the three months ending March 31, Altria reported net income of $1.22 billion, or 62 cents per share, compared with $1.02 billion, or 52 cents per share, in the same quarter a year before.