Strong Q2 and H1 Financial Performance: Altria reported an adjusted diluted EPS increase of 8.3% in Q2 to $1.44 and a 7.2% growth for H1, driven by robust adjusted operating companies income (OCI) growth and share repurchases. The adjusted OCI for the smokeable products segment grew 4.2% in Q2 and 3.5% for the first half.

Guidance Raising: The company raised the lower end of its 2025 EPS guidance range to $5.35-$5.45, projecting a growth rate of 3%-5% from a 2024 base of $5.19. Despite this adjustment, there are uncertainties ahead due to an unsettled consumer environment and inflation pressures impacting purchasing behaviors.

Oral Tobacco Growth: The on! nicotine pouches drove an estimated 11% increase in oral tobacco industry volume over six months. On! increased its retail share to 8.7%, growing by 10 share points year-over-year and posting a shipment volume increase of 26.5% compared to the prior year.