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Altria reports solid performance despite lower revenue, talks Njoy expansion

Altria reported a solid performance in the first half of 2023, supported by the $2.75bn acquisition of e-cigarette manufacturer Njoy, which was finalised in June. 


The company plans to enhance Njoy’s retail presence through premium fixture space by the third quarter, improve retail inventory and broaden distribution to approximately 43,000 stores across the US. 

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Antonia Di Lorenzo

Assistant news editor
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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