Streetbeat News

BTAFF

British American Tobacco Plc

http://www.bat.com/

CEO

Jack Bowles

Employees

52,050

Industry

Tobacco Manufacturing

Open

43.23

Mkt cap

92B

Volume

High

43.23

P/E Ratio

23.87

52-wk high

43.66

Low

41.77

Div yield

0.08

52-wk low

28.00

The FDA has ordered Reynolds American, a subsidiary of British American Tobacco PLC (NYSE: BTI) (OTC: BTAFF), to stop selling menthol-flavored versions of its Vuse Alto e-cigarette. The product line accounted for approximately 40% of the U.S. e-cigarette market in retail stores over the past year. The FDA cited insufficient evidence of public health benefits for adult smokers that outweigh the risks to young individuals. The menthol flavor made up about 29% of e-cigarette sales in the past year, amounting to $1.6 billion.

Portfolio Pulse from Vandana Singh

October 12, 2023 | 5:45 pm

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