BAT expects full-year sales growth of 2-4% on e-cigarette, oral nicotine push

FILE PHOTO: Illustration shows BAT (British American Tobacco)

LONDON (Reuters) – British American Tobacco said on Thursday it expects full-year revenue growth of between 2% and 4% at constant currency rates, as more people are using its e-cigarettes and oral nicotine products.

BAT forecast mid-single digit adjusted diluted earnings per share growth on a constant currency basis for the year ending Dec. 31.

The Lucky Strike cigarette maker also expects “strong adjusted operating margin improvement despite increasing inflation in our supply chain.”

BAT estimated that 3.2 million more consumers began using its non-combustible products in the first nine months of the year, bringing the total number of users to about 21.5 million people.

The company added that sales of its combustible cigarette brands were flat in the third quarter but did not provide a full-year sales forecast for that business.

(Reporting by Richa Naidu; Editing by Susan Fenton)

Ad: Save every day with Amazon Deals: Check out today's daily deals on Amazon.

Related posts

Spirit Christmas expands New Jersey holiday pop-ups with new 2025 locations including Toms River

Flight attendant age discrimination suit moves forward in New Jersey court against United Airlines

Judge tosses inmate’s civil rights suit against Gov. Murphy over confinement claims