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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco has reaffirmed its guidance for the fiscal year 2024, highlighting a strong second-half performance driven by innovation in new categories and strategic investments in U.S. markets. The company is seeing improved profitability in new categories and expects strong cash conversion with leverage at the higher end of their target by year-end. BAT is also actively engaging in regulatory matters, particularly in the US and Canada, and aims to deliver long-term sustainable growth while rewarding shareholders with dividends and share buybacks. The company anticipates further clarity on financial impacts from the proposed Canadian settlement in early 2025.
More about British American Tobacco
British American Tobacco is a major player in the tobacco and nicotine industry, focusing on the development and sale of combustibles and new category products such as vapour, heated tobacco, and modern oral products. The company is committed to transitioning towards a predominantly smokeless portfolio by 2035, which is evident in their investments and innovations aimed at expanding their market share in new categories.
YTD Price Performance: 39.31%
Average Trading Volume: 3,883,907
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.76B
See more insights into BATS stock on TipRanks’ Stock Analysis page.
