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British American Tobacco ( (GB:BATS) ) has issued an update.
British American Tobacco is on track to meet its 2024 financial guidance, driven by innovations in New Categories and strategic investments in U.S. commercial actions. The company has seen improvements in revenue growth and profitability in both New Categories and combustibles, along with strong cash conversion rates. British American Tobacco is making significant strides towards its goal of a smokeless future, with a focus on science and innovation to enhance shareholder value and address regulatory challenges in the vapour market. The company remains committed to sustainable growth, despite macroeconomic pressures and challenges in markets like the U.S. and Canada, and anticipates better clarity on its financial positioning by 2025.
More about British American Tobacco
British American Tobacco is a prominent player in the tobacco industry, focusing on combustibles and innovative New Categories products such as vapour, heated tobacco, and modern oral products. The company is committed to transitioning towards a smokeless future, aspiring to become predominantly smokeless by 2035, while maintaining strong cash returns and shareholder rewards.
YTD Price Performance: 39.31%
Average Trading Volume: 3,883,907
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.76B
See more data about BATS stock on TipRanks’ Stock Analysis page.
