Altria Group's third quarter 2026 earnings beat expectations as full-year guidance was raised

Altria Group reported third quarter 2026 results that slightly exceeded analyst expectations for both revenue and earnings. The company raised its full-year 2026 adjusted diluted EPS guidance to a range of $5.66 to $5.74 and authorized a new $1 billion expansion to its share repurchase program.

Key Highlights

• Adjusted diluted EPS grew 4.8% to $1.52, primarily driven by strong pricing power in the smokeable segment and higher earnings from the ABI investment.
• Smokeable products revenue net of excise taxes increased 3.7%, successfully offsetting an estimated 4% decline in adjusted domestic cigarette shipment volumes.
• The oral tobacco segment saw the on! brand reach an 8.3% retail share, though segment adjusted OCI fell 3.7% due to increased manufacturing costs and promotional investments.
• Altria expanded its capital return profile, repurchasing $400 million in shares during the quarter and increasing the total authorized buyback program by $1 billion.