BAT Surges on Smokeless Growth

BAT’s smokeless products are soaring in the U.S., driving a 7% revenue surge to £15.7 billion in H1 2024 and putting them on track to hit 2026 financial targets. CEO Tadeu Marroco highlights a strategic pivot toward innovation and new categories, with accelerated growth expected in the U.S. combustible portfolio. Globally, BAT is investing in key product lines and shifting revenue toward high-value segments, aiming for 15.3 million next-gen users by end-2026 — a 10% jump from 2023 — even as they navigate regulatory shifts alongside Reynolds American. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ca8ee6f282d27c76