Reported 2 months ago
British American Tobacco (BAT) has increased its annual sales growth target to 1%-2% after stronger-than-expected revenue from the first half of the year and improved sales in the United States. Despite challenges from declining tobacco sales due to consumer shift towards cheaper alternatives and ongoing regulatory pressures, BAT anticipates low-single digit growth from its New Categories segment, which includes vapes and tobacco heating products. The company is also facing competition from unauthorized flavored disposable vapes, contributing to a cautious outlook.
Source: YAHOO