Altria's 3Q 2013 revenues of about $0.64 per share exceeded both the industry experts estimate and the previous year incomes by approximately 1.5% and 12.1%, correspondingly. Additionally, its smokeless brands proceed to win market share. We are motivated by the company's initiatives to adjust to the growing demands of consumers and create less damaging alternative smoking products. Even so, change of demand from smoking products and cigarettes have resulted in a decreasing volume of smokeable segment.
Altria Group was set up in 1919 and is based at Richmond, Va. It is the parent company for Philip Morris USA, John Middleton and Philip Morris Capital Corporation.
PM USA produces and sells cigarettes and other smokeless goods in the United States. UST makes both smokeless products and wine. John Middleton is considered the major manufacturer of machine-made cigars; and PMCC is a financial company involved mostly in leasing actions.
In 2008, Philip Morris spun off from Altria Group in an effort to defend it from U.S. litigation. Soon after, it started to be an independent company known as Philip Morris International.
This segment, which is build mostly of PM USA, markets well known cigarette brands such as Marlboro, Virginia Slims, Parliament, Red & White, L&M and Chesterfield cigarettes. Entire smokeable products shipment volume constituted 136.1 million units in 2012.
The segment was created after the acquisition of UST and its smokeless tobacco business in January 2009. The smokeless products division consists of brands as Copenhagen, Skoal, Red Seal, Husky and Marlboro Snus. The overall smokeless products shipment volume constituted 763.3 million units in 2012.
The segment was established after the purchase of UST and its high quality wine business Ste. Michelle. The most popular brands are Chateau Ste. Michelle and Columbia Crest. The company also possesses wineries or sells wine beverages from a number of other wine locations and overseas countries. According to estimates, in 2012, Ste. Michelle's entire shipment of wine was standing at 7.6 million cases. Altria also possesses 27% stake in SABMiller wine estate.