Altria Group (NYSE:MO) delivered first-quarter earnings and revenue that surpassed analyst expectations, sending its shares up more than 1% intra-day today.
The company posted adjusted earnings of $1.23 per share, beating Wall Street’s estimate of $1.19. Revenue came in at $5.26 billion, ahead of the $4.62 billion consensus.
Despite the earnings beat, Altria reaffirmed its full-year 2025 EPS guidance of $5.30 to $5.45, which aligns closely with the $5.33 analysts had been expecting. The forecast implies modest 2% to 5% growth over 2024, reflecting a cautious stance amid broader industry headwinds.
In its core smokeable products segment, net revenue declined 5.8% year-over-year to $4.62 billion, as cigarette shipment volumes dropped 13.7%. The company cited overall industry contraction and retail share losses as the main drivers of the decline, even as its Marlboro brand continued to perform relatively well in terms of profitability.
Meanwhile, the oral tobacco products division provided a rare bright spot, with revenue rising 0.5% to $654 million. Its on! nicotine pouches maintained strong momentum, posting an 18% increase in shipment volumes.