Quarterly ResultApr 30, 2026, 07:12 AM
MO Q1 Adjusted EPS $1.32 (+7.3%); Reaffirms Full-Year Guidance
AI Summary
Altria Group, Inc. reported a strong start to 2026, with Q1 adjusted diluted EPS growing 7.3% to $1.32 and net revenues increasing 3.2% to $5.428 billion. The company reaffirmed its full-year adjusted diluted EPS guidance of $5.56 to $5.72, reflecting confidence despite macroeconomic uncertainties. Altria also returned significant capital to shareholders through $280 million in share repurchases and $1.8 billion in dividends during the quarter.
Key Highlights
- MO Q1 Adjusted diluted EPS rose 7.3% to $1.32, while reported diluted EPS increased over 100% to $1.30.
- Net revenues increased 3.2% to $5.428 billion, with revenues net of excise taxes up 5.3% to $4.758 billion.
- Reaffirms 2026 full-year adjusted diluted EPS guidance in the range of $5.56 to $5.72, representing 2.5% to 5.5% growth.
- Repurchased 4.5 million shares for $280 million in Q1 2026, with $720 million remaining in the $2 billion program.
- Paid $1.8 billion in dividends during the first quarter.
- Smokeable products segment net revenues increased 2.9% to $4.758 billion, with adjusted OCI up 6.3%.
- Oral tobacco products segment net revenues increased 2.3% to $669 million, with adjusted OCI up 0.2%.
- Marlboro retail share of the total cigarette category was 39.7%, a decrease of 1.4 share points YoY.