Why British American Tobacco Stock Was Moving Higher Today

Motley Fool07-26

British American Tobacco beat estimates on the bottom line but missed on the top line. The company stepped back from a 2025 target in smoke-free products. BAT expects to return to growth...

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The stock is cheap enough that investors will give it a boost on a decent earnings report, especially since most investors own the stock for its dividend.BAT said organic revenue fell 0.8% in the first half, excluding the sale of its businesses in Russia and Belarus, finishing at 12.34 billion pounds (US$15.86 billion), slightly below estimates at 12.47 billion pounds (US$16.02 billion).Revenue from new categories, a closely watched segment that includes smoke-free products like its Vuse vapes and Velo nicotine pouches, rose a modest 7.4%. Management said new category revenue was likely to miss its 5-billion-pound (US$6.4 billion) target in 2025 due to competition from illicit single-use vapor products in the U.S. and the sale of its Russia and Belarus businesses.On the bottom line, adjusted organic profit slipped 0.9% to 5.57 billion pounds (US$7.16 billion). Adjusted earnings per share fell 2.1% to 1.69 pounds (US$2.17), better than estimates at 1.66 pounds (US$2.13).CEO Tadeu Marroco expressed optimism about the second half of the year and beyond, saying, \"Guided by our refined strategy, I am confident that we will progressively improve our performance to deliver 3-5% revenue, and mid-single digit adjusted profit from operations growth on an organic constant currency basis by 2026.\"What's next for British American TobaccoBAT maintained its full-year guidance with low-single-digit organic constant currency growth on an expected 2% global decline in tobacco volume. Even with today's gains, the stock's dividend is yielding 8.9%, and today's report shows that the dividend is reliable and the stock remains cheap.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454381064"}