Altria Group, Inc. Q3 2025 Earnings Recap

Altria delivered a solid third quarter with a 3.6% increase in adjusted diluted earnings per share, driven by strong momentum in its smoke-free portfolio. The company continues to expand its nicotine pouch offerings while navigating a competitive landscape.

Key Takeaways

• On! nicotine pouches gained 11.1 share points year-over-year, reinforcing Altria's position in the growing oral tobacco category.
• Helix's reported shipment volume grew nearly 1% YoY in Q3, contributing to a 15% increase over the first nine months.
• Altria announced its 60th dividend increase in 56 years and expanded its share repurchase program, highlighting commitment to shareholder returns.
• Regulatory milestones were achieved with the pending FDA approvals for Horizon's heated tobacco products and ongoing developments in the e-vapor space.
• The launch of on! PLUS is expected to enhance market presence with differentiated offerings aimed at both existing customers and competitors' users.