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Altria Group targets mid-single digit EPS growth through 2028
The Fly

Altria Group targets mid-single digit EPS growth through 2028

As part of its 2028 Enterprise Goals, the company expects to: "Deliver mid-single digits adjusted diluted EPS growth on a compounded annual basis through 2028. A new progressive dividend goal targeting mid-single digits dividend growth annually through 2028. Maintain a debt-to-earnings before interest, taxes, depreciation and amortization ratio of approximately 2.0x. Maintain our leadership position in the U.S. tobacco space. Maintain a total adjusted OCI margin of at least 60% in each of the next five years. Grow U.S. smoke-free volumes by at least 35% from our 2022 base of 800 million units. Approximately double our smoke-free net revenues to $5 billion from our 2022 base of $2.6 billion, with $2 billion coming from innovative smoke-free products."

Published first on TheFly

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