Feed - Buzzberg

13:00
Jul 30 ◎

MO FY2026 Q2 Watch

Altria Group, Inc. (MO) FY2026 Q2 Earnings Call

BUD MO ▾

Heather Newman

ABI equity earnings grew 21.5% y/y to $158M in Q2, far outpacing Altria's own EPS growth, implying BUD's beer margins/mix are recovering faster than headline industry trends suggest. — For a pure financial stake this is a direct read-through to BUD momentum and supports Altria's capital returns via higher investment income.

"We recorded $158 million in adjusted equity earnings in the second quarter, up 21.5% versus the prior year."

BUD WATCH

Heather Newman

Altria raised the low end of FY2026 EPS guidance after a strong first half, signaling confidence in pricing power, smoke-free portfolio momentum, and moderating cigarette industry declines despite consumer pressure.

"We now expect to deliver adjusted diluted EPS in a range of $5.61 to $5.72, representing a growth rate of 3.5% to 5.5% from a base of $5.42 in 2025."

MO WATCH

HIGH

13:00
Apr 30 ◎

MO FY2026 Q1 Watch

Altria Group, Inc. (MO) FY2026 Q1 Earnings Call

BUD BTI MO ▾

Sal Mancuso

Altria's equity stake in ABI generated 9.6% higher adjusted earnings in Q1, a modestly positive read on ABI's earnings trajectory; management reiterated it remains purely a financial investment.

"Turning to our investment in ABI, We recorded $160 million in adjusted equity earnings in the quarter, up 9.6% versus the prior year."

BUD WATCH

Sal Mancuso

Moderation in illicit flavored disposable e-vapor demand is the key driver of improving U.S. cigarette industry volume trends. — If enforcement/supply disruption keeps shrinking illicit disposable volume, combustible cigarette volumes and pricing power improve for all licensed U.S. cigarette manufacturers, not just Altria.

"This trend was driven primarily by reduced cross-category movement between cigarettes and illicit flavored disposable evapor products."

BTI WATCH

Sal Mancuso

Altria delivered a strong Q1 and shifted expected 2026 EPS growth to be more balanced between first and second half, but kept full-year guidance unchanged given macro uncertainty, gas prices, and consumer trade-down pressure.

"We reaffirm our expectation to deliver 2026 full year adjusted diluted EPS in a range of $5.56 to $5.72, representing a growth rate of 2.5% to 5.5% from a base of $5.42 in 2025."

MO WATCH

HIGH

14:00
Jan 29 ◎

MO FY2025 Q4 Watch

Altria Group, Inc. (MO) FY2025 Q4 Earnings Call

KTC MO ▾

Billy Gifford

Altria's collaboration with KT&G expands into international modern oral and U.S. non-nicotine markets, with KT&G providing manufacturing and product capabilities that strengthen Altria's pipeline and market reach.

"We entered into a strategic collaboration with KT&G to advance international modern oral, U.S. non-nicotine growth, and traditional tobacco operating efficiencies."

KTC WATCH

Billy Gifford

The 2026 guidance of 2.5% to 5.5% EPS growth reflects a balanced but cautious outlook, with growth weighted to the second half due to investments in import/export capabilities and limited impact from enforcement on illicit vapor.

"We expect to deliver 2026 full-year adjusted diluted EPS in a range of $5.56 to $5.72. This range represents a growth rate of 2.5% to 5.5% from a $5.42 base in 2025."

MO WATCH

HIGH

Feed — Buzzberg