Altria Reports Q2 2026 Earnings with Adjusted EPS Growth and Updated Guidance
Altria (MO) reported second-quarter earnings for 2026, showing adjusted diluted EPS of $1.48, a 2.8% increase year-over-year. The company narrowed its full-year guidance to between $5.61 and $5.72 per share, reflecting growth expectations of 3.5% to 5.5%. Smokeable products contributed significantly with adjusted operating cash income (OCI) reaching $3 billion for the quarter. Domestic cigarette volume declined by 3.2%, though Altria maintained a strong market position in premium brands like Marlboro, which held a 59.6% share of the segment. The company also expanded its on! brand to over 120,000 stores and reported increased cigar shipments despite an overall industry decline. Altria returned value to shareholders through $3.6 billion in dividends and repurchased shares for $335 million during the first half of the year. The company also noted ongoing challenges from economic pressures on consumers and continued efforts to address illicit e-vapor products.
Tickers: $MO
Topics: financial_performance guidance_update