Will Altria's Smoke-Free Bets Deliver Long-Term Revenue Lift?

Key Takeaways MO's oral tobacco unit grew as on! shipments hit 39M cans and market share climbed to 17.9%. Vapor struggles persist after NJOY ACE's exit. Compliant product relaunches might help. MO trades at 10.76X forward P/E, with 2025-2026 earnings estimates trending higher in recent weeks.Altria Group, Inc. (MO) is doubling down on its shift to a smoke-free future, but the critical question is whether this strategic pivot can deliver sustained long-term revenue growth. In the first quarter of 2025, th ...