British American Tobacco Exceeds Earnings and Revenue Estimates, Reaffirms FY26 Outlook
British American Tobacco (BTI) reported first-half earnings per share (EPS) that exceeded expectations. The company's non-GAAP EPS came in at £1.68, surpassing estimates by £0.03. Additionally, revenue reached £12.23 billion for the period, a 1.3% year-over-year increase and beating forecasts by £130 million. The firm reaffirmed its full-year guidance through FY26 despite anticipating a decline in global cigarette industry volume of approximately 3%. This projection places British American Tobacco at the lower end of its medium-term expectations for market performance.
Tickers: $BTI