MO · 8-K · 20260730PR000093

Guidance / Outlook

ALTRIA GROUP, INC. · 2026-07-30 · Importance 68 · Surprise 68 · In source text

Altria narrowed 2026 adjusted diluted EPS guidance to $5.61-$5.72, versus a 2025 base of $5.42 and expected growth of 3.5%-5.5%. The company raised the lower end of guidance while citing moderated e-vapor growth, macroeconomic uncertainty among adult nicotine consumers, investments in contract manufacturing, the expectation that NJOY ACE will not return in 2026, and reinvestment of Optimize & Accelerate savings. Altria increased expected 2026 capital expenditures to $375-$450 million from $300-$375 million, primarily to consolidate USSTC manufacturing operations. The company expects cigarette import and export activity to provide a greater benefit in the second half, with that benefit more evenly distributed between the third and fourth quarters.

Key facts

• Altria narrowed 2026 full-year adjusted diluted EPS guidance to a range of $5.61 to $5.72. source
• Altria stated that its narrowed guidance reflects an expectation for a greater benefit from cigarette import and export activity in the second half of the year than in the first half and that the second-half benefit is expected to be more balanced between the third and fourth quarters. source
• Altria expects the 2026 adjusted diluted EPS guidance to represent a growth rate of 3.5% to 5.5% from a base of $5.42 in 2025. source
• Reported diluted EPS for Q2 2026 was $1.37, a decrease of 2.8% versus Q2 2025. source
• Adjusted diluted EPS for Q2 2026 was $1.48, an increase of 2.8% versus Q2 2025. source
• First-half 2026 adjusted diluted EPS was $2.80, an increase of 4.9% versus the first half of 2025. source

Impact estimates