British American Tobacco Reported FY24 Sales £27.283B, Down 1.3% Y/Y, Up 3.1% Organically
Portfolio Pulse from Benzinga Newsdesk
British American Tobacco (BTI) reported its FY24 sales at £27.283 billion, marking a 1.3% decrease year-over-year but showing a 3.1% increase on an organic basis.
February 08, 2024 | 10:18 am
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NEUTRAL IMPACT
British American Tobacco's FY24 sales report shows a slight decline of 1.3% Y/Y but a positive organic growth of 3.1%.
The reported decrease in year-over-year sales might initially concern investors, but the organic growth figure indicates underlying strength in the company's core operations. This mixed result could lead to a neutral short-term impact on BTI's stock price as investors weigh the negative headline figure against the positive organic growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90