What drove Altria's net profit surge in Q2 2024?

Altria's net profit surge in Q2 2024 was primarily driven by strategic initiatives and business segment performance: 1. **Growth in Oral Tobacco Products**: Altria's oral tobacco products segment showed higher net revenues, which contributed to the overall net income growth. This segment includes leading brands like Copenhagen, Black & Mild, and NJOY. 2. **Market Share Gains in NJOY**: The continued growth of NJOY's retail share and the expansion of its distribution channels, such as surpassing 80,000 stores, are expected to contribute to future revenue growth. 3. **Strategic Initiatives**: Altria's strategic initiatives, such as the acquisition of NJOY, are positioning the company for future growth. The company expects to reach 100,000 NJOY ACE stores by the end of the fiscal year. In summary, Altria's net profit surge in Q2 2024 was driven by the growth of its oral tobacco products, particularly NJOY, and strategic initiatives that are expanding its market reach and diversifying its product mix.