Altria's first quarter 2026 adjusted EPS grew 7.3% driven by pricing in its smokeable products segment.

Altria reported first-quarter 2026 net revenues of $5.4 billion, a 3.2% increase year-over-year, while adjusted diluted EPS grew 7.3% to $1.32. The company reaffirmed its full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72.

Key Highlights

• The smokeable products segment delivered adjusted operating company income (OCI) growth of 6.3%, as higher pricing more than offset volume declines and promotional investments.
• Reported domestic cigarette shipment volume declined by 2.4%. When adjusted for trade inventory movements, the underlying volume decline was estimated at 4.0%.
• In the oral tobacco segment, on! nicotine pouch shipment volume grew 17.6% year-over-year to 46.2 million cans, though its share of the fast-growing nicotine pouch category declined 4.2 percentage points to 13.4%.