Tobacco giant Altria Group, Inc. (NYSE: MO) on Wednesday announced financial results for the second quarter, reporting a decrease in revenue and flat earnings on an adjusted basis.
Net revenues decreased 4.6% year-over-year to $6.21 billion in the June quarter. The decline was primarily driven by lower revenues in the smokeable products segment, partially offset by higher revenues in the oral tobacco products segment.
Second-quarter earnings, excluding one-off itmes, remained unchanged year-over-year at $1.31 per share. On a reported basis, net profit rose sharply to $3.8 billion or $2.21 per share from $2.12 billion or $1.19 per share in the prior-year quarter.
“Altria’s momentum continues to build as we pursue our Vision to responsibly lead the transition of adult smokers to a smoke-free future,” said Billy Gifford, Altria’s CEO.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
