Altria Group Inc (NYSE:MO) reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion. The revenue decrease was primarily driven by lower net revenues in the smokeable products segment, partially offset by higher net revenues in the oral tobacco products segment and the all other category. Revenues net of excise tax decreased 1% to $4.7 billion. Revenue for smokeable products decreased by 3.6%, and oral tobacco products grew by 3.7%. Smokeable products ...