Altria Group, Inc. will host its 2026 Annual Meeting of Shareholders via live audio webcast on May 14 at 9 a.m. ET. Shareholders of record as of March 25 will be able to vote electronically and submit questions during the virtual meeting, while non-shareholders may attend as guests without participation rights. The company encourages shareholders to vote in advance using methods outlined in its proxy materials, and said an archived webcast will be available after the event, along with supporting business and financial resources on its investor website.
Tag: FY26
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Turning Point Schedules Q1 2026 Earnings Call
Turning Point Brands, Inc. announced it will report its first quarter 2026 results on May 7, with a conference call scheduled for 8:30 a.m. ET. The company said analysts and investors can join via dial-in or listen through a live webcast on its investor relations website, with a replay available shortly after the call.
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PMI Q1 Results Driven by Smoke-Free Growth
Philip Morris International reported first-quarter 2026 net revenues of $10.1 billion, up 9.1%, with adjusted diluted EPS rising 16% to $1.96 despite a decline in reported EPS due to a non-cash adjustment. Growth was driven primarily by the company’s smoke-free portfolio, which now accounts for 43% of total revenue and is available in more than 100 markets.
The smoke-free segment delivered strong performance, with revenue increasing 24.7% and shipment volumes up 11.9%. IQOS remained the key growth driver, with double-digit gains and expanding market share, including becoming the top nicotine brand in markets where it is present. E-vapor products also showed rapid growth, while nicotine pouch volumes expanded in several markets despite declines in Nordic snus.
Combustible cigarette volumes declined 5.1% in the quarter, although pricing supported modest revenue growth in the segment. Looking ahead, PMI expects continued momentum in smoke-free products, forecasting adjusted EPS growth of 10.9% to 12.9% for 2026 and organic revenue growth of 5% to 7%, supported by ongoing investment in its reduced-risk portfolio.
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Imperial Flags Share Losses, Leans on H2 Growth for FY26
Imperial Brands warned of modest first-half profit growth and expected market share declines across its key markets, sending shares down more than 8%, as the company pivots toward profitability over volume. While reaffirming its FY26 guidance, including low-single-digit tobacco growth, double-digit next-generation product (NGP) revenue growth, and £2.2 billion in free cash flow, the group said performance would be weighted to the second half, supported by pricing in combustibles and continued momentum in heated tobacco, vaping, and oral nicotine.
The shift comes as Imperial accelerates its five-year strategy to expand alternatives while stabilizing its core tobacco business, though weaker trends in the U.S. and Australia and heightened geopolitical risks linked to Middle East tensions could impact the outlook.
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JT Takes $710M Dividend, Little Impact on Consolidated Results
Japan Tobacco Inc. announced that its consolidated subsidiary, JT International Holding B.V., will distribute a dividend of approximately JPY 110.1 billion ($710 million) to Japan Tobacco, with receipt planned for March 26. The dividend will be recorded as non-operating income in JT’s non-consolidated financial statements for FY2026, but it is not expected to materially affect the company’s consolidated financial results for the year.