Altria 4Q Profit Falls as Cigarette Sales Decline

Dow Jones01-29
 

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 07:17 ET (12:17 GMT)

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