British American Tobacco 1Q Revenue Grew 3.3%, Above Revised Range
April 28 2021 - 3:04AM
Dow Jones News
By Ian Walker
British American Tobacco PLC said Wednesday that first-quarter
revenue grew 3.3% on a constant currency basis, above its revised
guidance range of 1%-3%, and it backed its full-year guidance.
The owner of Camel and Lucky Strike cigarettes, as well as a
range of new categories including vapor and tobacco-heating
products, added that the board is confident for 3%-5% revenue
growth and high single-figure adjusted diluted earnings per share
growth at constant currency post Covid-19.
For the year ended Dec. 31, 2020, BAT reported revenue of 25.78
billion pounds ($35.87 billion) and adjusted EPS of 215.6
pence.
BAT said that it continues to see strong consumer growth in its
new categories business and is confident to meet its GBP5 billion
revenue target for the business by 2025.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 28, 2021 02:49 ET (06:49 GMT)
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