Altria Q4 revenue falls, EPS misses estimates as smokeable products drag

Altria

29/01/2026 12:10

Overview

Tobacco company's Q4 2025 revenue fell 2.1% yr/yr

Adjusted EPS for Q4 missed analyst expectations

Company repurchased 4.8 mln shares in Q4 for $288 mln

Outlook

Altria expects 2026 full-year adjusted diluted EPS between $5.56 and $5.72

Company anticipates 2026 adjusted effective tax rate between 22.5% and 23.5%

Altria forecasts 2026 capital expenditures between $300 mln and $375 mln

Result Drivers

SMOKEABLE PRODUCTS - Decline in net revenues driven by lower shipment volumes and higher promotional investments

COST SAVINGS - Lower costs related to the Optimize & Accelerate initiative contributed to stable adjusted EPS

SMOKE-FREE PORTFOLIO - FDA marketing authorizations for on! PLUS products in multiple flavors and strengths

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$5.85 bln
Q4 Adjusted EPS
Miss
$1.30
$1.32 (11 Analysts)
Q4 EPS
$0.66


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the tobacco peer group is "buy."

Wall Street's median 12-month price target for Altria Group Inc is $62.56, about 0.9% below its January 28 closing price of $63.13

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw6hZMd6a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)