Universal Corporation Expects Demand To Continue To Support Solid Results For Tobacco Operations Segment For FY25
Portfolio Pulse from Benzinga Newsdesk
Universal Corporation expects continued strong demand to support solid results for its Tobacco Operations segment for FY25. The company anticipates that tobacco shipment timing and related revenue recognition will be more heavily weighted towards the second half of fiscal year 2025.
August 07, 2024 | 9:19 pm
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Universal Corporation expects strong demand to support solid results for its Tobacco Operations segment in FY25, with revenue recognition more heavily weighted towards the second half of the fiscal year.
The company's positive outlook on demand and revenue recognition timing suggests a strong performance in the latter half of FY25, which is likely to boost investor confidence and support the stock price in the short term.
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