MO · Earnings call · 2026Q3T · Full report

Guidance / Outlook

ALTRIA GROUP, INC. · 2026-10-29 · Importance 74 · Surprise 68 · In source text

Altria raised its 2026 adjusted diluted EPS guidance to $5.66–$5.74, representing growth of 4.5%–6% from the 2025 base of $5.42. Earlier in the year, the company had guided to growth of 2.5%–5%. CFO Heather Newman said the higher range reflects strong performance through the first nine months and includes investment in the smoke-free vision, particularly on! PLUS. Management said it remained confident in delivering within the new range despite continued pressure on consumers.

Key facts

• Altria raised its 2026 adjusted diluted EPS guidance to $5.66-$5.74, representing 4.5%-6% growth from the 2025 base of $5.42.
• Altria's 2026 EPS guidance was initially 2.5%-5% and was raised to 4.5%-6% after strong first-nine-month performance.
• Altria's 2026 guidance includes investments in its smoke-free vision, particularly on! PLUS, including 12-milligram product and flavor line extensions.
• Altria's contract manufacturing agreement with PMI does not start until 2027, when its benefit is expected to begin.
• Altria said it expected its current contract manufacturing arrangements to be pretty balanced across Q3 and Q4 2026.
• Altria's adjusted diluted EPS increased 4.8% in Q3 2026.
• Altria reported adjusted diluted EPS growth of 5.1% for the first 9 months of 2026.
• Altria said it does not provide a forecast range for duty drawback and would not provide further guidance on it.

Impact estimates