Altria Group Inc. Reports Mixed Third‑Quarter Results and Adjusts Guidance
Altria Group Inc. (NYSE: MO) announced its financial results for the third quarter and nine months ended September 30, 2025, on October 30, 2025.
Earnings Highlights
- Profitability: Earnings per share for the quarter rose, but the increase was offset by a slowdown in sales.
- Revenue: The company reported lower cigarette shipment volumes and reduced revenue from its smokeable products, reflecting a decline in consumer demand.
- Guidance: Management raised the 2025 earnings‑per‑share forecast and expanded its share‑repurchase program to $2 billion, while announcing new retail initiatives in key states.
Market Reaction
- Stock Price: Shares fell sharply after the earnings announcement, falling to a low of $56.38 on October 30, 2025.
- Analyst View: UBS reduced its price target for the stock to $61, citing mixed results.
Corporate Context
Altria Group is a consumer‑staples holding company that manufactures and sells cigarettes, cigars, and pipe tobacco through its subsidiaries. The company also holds a minority interest in a brewery. It is listed on the New York Stock Exchange and had a market capitalization of approximately $95.97 billion as of the close on October 30, 2025. The current price‑to‑earnings ratio stands at 11.83.
Forward Outlook
The company’s revised guidance reflects expectations of continued demand softness in the tobacco market. While the earnings‑per‑share forecast was increased, the guidance for the full year was described as “tepid,” indicating modest growth prospects for 2025.
Altria’s performance remains a focal point for investors given its status as a dividend‑paying staple in a highly regulated industry. The company’s ability to balance dividend policy, share‑repurchase activity, and product strategy will be closely monitored in the coming months.
