Altria 4Q Profit Falls as Cigarette Sales Decline
By Nicholas G. Miller
Altria reported lower fourth-quarter profit as cigarette shipment volume declined, dragging down its smokeable product business.
The tobacco company on Thursday reported quarterly net income of $1.12 billion, or 66 cents a share, down from $3.04 billion, or $1.79 a share, the year prior.
Adjusted earnings were $1.30 a share. Analysts polled by FactSet expected $1.32 a share.
Net revenue fell 2.1% to $5.85 billion. Smokeable product revenue decreased 2.7% due to lower shipment volume and higher promotional investments, while oral tobacco revenue increased 2% due to higher pricing.
Domestic cigarette shipment volume fell 7.9% due to the broader cigarette market's decline and trade inventory movements, Altria said.
The company guided for 2026 adjusted earnings of $5.56 to $5.72 a share. Analysts see full-year adjusted earnings of $5.59 a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
January 29, 2026 07:32 ET (12:32 GMT)
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