Altria GroupMO
▲ PositiveCapitalrelevance
Raises lower end of 2026 earnings outlook and continues buybacks, supporting EPS growth.
Impact on stocks 1
Consumer Staples
Altria GroupAltria Group raised the lower end of its 2026 earnings outlook after reporting year-over-year adjusted earnings growth in its second quarter, even as results missed consensus estimates. Management cited pricing power, margin gains, and cigarette import/export benefits as key supports for future profit resilience despite declining U.S. cigarette volumes and uneven oral tobacco performance. The company also continued share repurchases, buying back about 22.4 million shares for roughly US$1,337.9 million under its latest plan, which supports per share earnings growth. Altria's narrative projects $20.9 billion revenue and $9.7 billion earnings by 2029, assuming flat yearly revenue and a roughly $1.7 billion earnings increase from $8.0 billion today.
Altria GroupRaises lower end of 2026 earnings outlook and continues buybacks, supporting EPS growth.