On July 30, British American Tobacco PLC fell 3.06% in regular trading, trading at $61.065/share, with turnover of $114 million. The decline came after the company released its latest earnings report in pre-market trading, triggering sector-wide selling pressure.
The earnings revealed a mixed outlook: the company raised its full-year revenue growth forecast for new tobacco categories to approximately 15%, but lowered its global traditional cigarette volume expectations. Overall full-year performance growth is expected at the lower end of mid-term guidance, with revenue growth of 3%-5% and adjusted operating profit growth of 4%-6%. The stock had previously risen over 3% on July 28 as earnings expectations warmed, and the current session effectively reversed those gains.
The broader tobacco sector declined sharply, with Altria falling 8.29%, Philip Morris down 2.93%, Universal down 2.72%, and Turning Point down 1.15%. The CEO noted that US regulatory changes are beginning to impact the illegal tobacco market.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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