News Summary: Marlboro maker Altria 3Q profit down

Associated Press Published: October 25, 2012

THE RESULTS: Marlboro maker Altria Group Inc.'s third-quarter net income fell 44 percent to of $657 million on charges for a loss on early extinguishment of debt. But it sold more cigarettes at higher prices and expanded its industry-leading share of the U.S. market. Revenue, excluding excise taxes, rose about 3 percent to $4.46 billion.

CIGARETTES: Volumes grew about 1 percent to 33.7 billion cigarettes compared with a year ago. Volumes for its discount cigarette brands increased 14 percent, Marlboro saw gains of 1 percent and its other premium brands fell by about 8 percent. Its share of the U.S. retail market rose 1.2 percentage points to 49.9 percent. Marlboro brand gained 1 percentage point of market share to end up with 42.7 percent of the U.S. market.

OTHER TOBACCO: Volumes of its smokeless tobacco brands such as Copenhagen and Skoal rose nearly 6 percent. Volumes for its Black & Mild cigars fell 14 percent.

Trending Now


  1. 1
    Oklahoma City Thunder: Kevin Durant reportedly trying to get Caron Butler to return
  2. 2
    Isolated Amazon Tribe Makes First Contact
  3. 3
    911 Dispatcher Handles Call About Her Choking Son
  4. 4
    Cops: Woman Faked Drowning to Avoid Court
  5. 5
    Brazilians Listened to the Song ‘Happy’ a Lot More After Their World Cup Disaster Against...
+ show more