Altria Group Reports Q2 Earnings and Raises Full-Year Guidance
Altria Group (NYSE:MO) reported a 2.8% year-over-year increase in adjusted earnings per share for the second quarter of 2026, reaching $1.48. The company raised its full-year adjusted EPS guidance to between $5.61 and $5.72 from previous estimates, reflecting growth driven by pricing strategies within its smokable-products segment and expansion into nicotine pouches. Despite declining cigarette volumes due to inflationary pressures and consumer shifts toward discount products, Altria's smokable-profit increased 2.4% in Q2 to $3 billion with adjusted operating income of $5.7 billion for the first half of the year. The company also noted a national rollout plan for its nicotine pouches under on! PLUS, which now has distribution across 120,000 stores and an increased retail share. Altria's CEO emphasized strategic pricing management to maintain profitability while participating in the discount cigarette segment without accelerating volume declines.
Tickers: $MO
Topics: cigarette_volumes earnings guidance_update nicotine_pouches