Altria Group Inc (NYSE:MO)
$ 52.29 0.21 (0.4%) Market Cap: 88.62 Bil Enterprise Value: 111.57 Bil PE Ratio: 8.82 PB Ratio: 0 GF Score: 74/100
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Altria Group Inc at Consumer Analyst Group of New York Conference Transcript

Feb 20, 2019 / 02:00PM GMT
Release Date Price: $50.51 (+3.10%)
Unidentified Analyst

All right. So please join me in welcoming Altria to the stage. Today, we'll hear from Chairman and CEO, Howard Willard, this is his first CAGNY presentation since officially becoming CEO last May; as well as Vice Chairman and CFO, Billy Gifford; and Executive Vice President and General Counsel, Murray Garnick.

Although Altria is no stranger to CAGNY, a lot has changed in the past 12 months. Cigarette volume declines industry-wide have continued to be impacted by competing technologies and changing consumer preferences. iQOS still awaits PMTA approval, and the FDA has been active in considering new tobacco-related rules and regulation on multiple fronts. Meanwhile, an MRTP application for Copenhagen Snuff continues to progress, and the company closed 2018 with the discontinuation of its MarkTen and Green Smoke brands, a sizable restructuring and minority investments in both JUUL and Cronos, fundamentally repositioning itself with respect to e-vapor and extending its reach into cannabis. Through it all, Altria has remained upbeat, focused on the long term, confident in its ability to

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