BTAFF - British American Tobacco: Value Unlocked With Recent Sale EPS Growth Ahead
2024-04-03 21:36:34 ET
Summary
- UK cigarette industry retail sales fell 1.8% YoY, with Philip Morris International seeing a 6.1% increase and British American Tobacco sales dropping 4.7%.
- British American Tobacco is the largest European tobacco company, with operations in major markets and brands such as Kent, Dunhill, and Lucky Strike.
- BTI has rewarded shareholders through buybacks and aims to improve liquidity and grow market share in the US through its next-generation portfolio.
- With EPS growth on the horizon following a partial sale of its ITC stake, I see improvement on the chart.
NielsenIQ data show that UK cigarette industry retail sales fell just 1.8% from year-ago levels. That continues an improving trend over the last two years, though sales for Philip Morris International (PM) boasted an annual increase of 6.1% while British American Tobacco (BTI) sales dropped 4.7% YoY. Of course, tobacco companies continue to diversify their sales mix, including smokeless tobacco, while embarking on shareholder-friendly initiatives. ...
British American Tobacco: Value Unlocked With Recent Sale, EPS Growth Ahead