British American Tobacco PLC ADR
BTI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$35.00 | Zwt | Wblnjmwh |
British American Tobacco Earnings: First Half Shaping Up Within Expectations; Shares Undervalued
Wide-moat British American Tobacco reported an organic revenue decline of 0.8% and a flat adjusted organic operating margin of 44.9%. The company continues to believe that results will improve in the second half, driven by new products and investments in its US commercial distribution. Management reaffirmed full-year guidance for low-single-digit organic constant-currency revenue growth and low-single-digit organic adjusted-profit growth, inclusive of expected currency headwinds of about 2%.