Imperial Brands (GB:IMB) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Imperial Brands PLC reported a robust performance for the fiscal year ending September 2024, with a 4.6% increase in net revenue from tobacco and next-generation products. The company’s earnings per share grew significantly by 19.1%, supported by strong cash generation and strategic capital returns, including a £1.25bn buyback and a 4.5% increase in dividends. This solid financial footing is underpinned by market share gains in priority markets and a 26% revenue growth in next-generation products, showcasing Imperial Brands’ effective challenger strategy in the industry.
For further insights into GB:IMB stock, check out TipRanks’ Stock Analysis page.