Altria beats Q1 estimates but shares slip

Published 29/04/2025, 12:38
© Reuters

NEW YORK - Tobacco giant Altria Group (NYSE:MO) reported better-than-expected first quarter earnings and revenue on Tuesday.

However, the company’s shares fell -1.8% in premarket trading following the release.

Altria posted adjusted earnings per share of $1.23 for Q1, beating the analyst consensus of $1.19. Revenue of $5.26 billion also topped expectations of $4.62 billion.

However, Altria’s full-year 2025 EPS guidance of $5.30-$5.45 was roughly in-line with the $5.33 Wall Street was expecting. The company reaffirmed this outlook, which represents 2-5% growth over 2024.

"Our highly profitable traditional tobacco businesses performed well in a challenging environment in the first quarter," said CEO Billy Gifford. He noted the smokeable products segment delivered "solid" adjusted operating income growth, driven by the Marlboro brand.

Altria’s smokeable products segment, which includes cigarettes and cigars, saw net revenues decrease 5.8% to $4.62 billion. Cigarette shipment volume fell 13.7%, primarily due to the industry’s overall decline and retail share losses.

The oral tobacco products segment, which includes on! nicotine pouches, increased revenue slightly by 0.5% to $654 million. On! maintained momentum with an 18% shipment volume increase.

Altria repurchased 5.7 million shares for $326 million in Q1 and paid $1.7 billion in dividends.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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