How did MO's Q1 2024 EPS outperform forecasts?

Altria Group's (MO) Q1 2024 EPS outperformed forecasts due to several key factors:

1. **Strategic Initiatives**: Altria's strategic initiatives, such as the growth of its oral tobacco products and modernization initiatives, have contributed to sustained growth and shareholder value.
2. **Pricing Power**: The company's strong pricing power has helped offset the impact of soft cigarette shipment volumes, resulting in higher adjusted operating income.
3. **Market Positioning**: Altria's market positioning and focus on smoke-free products have positioned it well to capture growth in areas like vapor and modern oral nicotine products.
4. **Cost Management**: The company's financial discipline and cost management have helped sustain profitability despite industry challenges.

In summary, Altria's outperformance in Q1 2024 EPS can be attributed to its strategic initiatives, pricing power, market positioning, and cost management. These factors collectively contribute to the company's ability to generate consistent profits and add value to shareholders.