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.