Growth in Oral Nicotine Pouches
The oral nicotine pouch category saw an estimated 10% increase in industry volume over the past six months. In the first quarter, ON! grew its reported shipment volume by 18%, expanding its share of the oral tobacco category to 8.8%.
Strong Performance of Smokeable Products
The smokeable products segment grew adjusted operating company's income by 2.7%, supported by a robust net price realization of 10.8%.
Shareholder Returns
Altria paid approximately $1.7 billion in dividends and repurchased 5.7 million shares for $326 million in the first quarter.
Marlboro's Resilient Performance
Marlboro expanded its share of the premium segment by 0.1 share point to 59.3%, maintaining its leadership in the category despite economic pressures.