It plans to start amortization of the remaining value of its U.S. combustibles brands from January. BATs said it targets a revenue share of up to 50% for noncombustibles revenue by 2035, and would continue to invest in the sector into 2024. It then expects a progressive improvement to 3%-5% revenue growth and mid single-digit adjusted profit from operations by 2026. For this year, the company said it expects revenue growth at the low end of its previously guided 3%-5% range at constant currency. It reported strong volume and revenue growth in new categories, which it expects to be broadly breakeven, two years ahead of schedule.

Source: Wall Street Journal December 06, 2023 08:11 UTC