CLAIM #43052 · Altria Group (MO) · 2025Q4 earnings call · Jan 29, 2026 · due Jun 30, 2026
“So yes, we expect some elevated investments upfront as you get more volume through the import-export process.”
Sal Mancuso · CFO
In context
“ime. And as that economic changes, you can look to see us adjust price promotions in the marketplace. So we feel like it's good. As far as number of stores, we'll make adjustments around the fringes, but we feel like we're in the right group of stores, but we'll continue to monitor that as we go through 2026. Salvatore Mancuso: Sure. And Damian to your other two questions, the return on investment for the import-export is very strong. The payback is less than a year. As far as continued spending, as Billy pointed out earlier, the back half weighted nature of our EPS growth guidance really is both volume and cost. So there are some incremental costs that continue to happen before you realize the revenue, and that happens when you enter different markets, different partnership arrangements. So yes, we expect some elevated investments upfront as you get more volume through the import-export process. Damian Paul McNeela: Great. Thanks, very clear. Operator: There appears to be no further questions at this time. I would like to turn the call back over to Mac Livingston for any closing remarks. Mac Livingston: Thanks, everybody, for joining us today. Have a great day. If you have further questions, please feel free to reach out to Investor Relations. Operator: This concludes today's call. Thank you for your participation. You may disconnect at any time.”
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SEC filings for MO ↗ · Claim quote is verbatim from the 2025Q4 earnings call.