Altria Reports Q1 Earnings Drop Amid 14% Decline in Cigarette Sales

Altria Group reported a decline in first-quarter net income and revenue, attributed to falling cigarette sales and an ongoing e-cigarette patent dispute. Despite these challenges, the company’s adjusted earnings and revenue surpassed analyst expectations, with adjusted earnings per share of $1.23 and revenue of $5.26 billion. Altria reaffirmed its full-year 2025 guidance, projecting adjusted diluted EPS growth of 2% to 5%, which aligns with Wall Street forecasts. While its traditional tobacco business, particularly the Marlboro brand, remained profitable, the smokeable products segment saw a 5.8% revenue decrease as cigarette shipment volumes dropped 13.7%. In contrast, the oral tobacco segment showed modest revenue growth, driven by an 18% increase in on! nicotine pouch shipments. Altria also continued shareholder returns through share repurchases and dividends.