Imperial Brands shares lift after tobacco price increases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Source: Yahoo Finance
- Imperial Brands Financial Performance: Despite falling profits and revenues, Imperial Brands saw a rise in shares due to higher tobacco prices over the past half-year.
- Tobacco Sales and Prices: The company experienced a 6.3% reduction in tobacco sales volume but managed an 8.6% increase in tobacco prices for the same period.
- Next Generation Product (NGP) Business: Imperial Brands' NGP business, including heated tobacco and vape products, reported strong growth with a 16.8% increase in net revenues.
- Challenges Faced by Tobacco Industry: Tobacco firms have been under pressure due to declining traditional cigarette use, especially in major western markets.
- Future Outlook: The company remains confident in meeting its full-year guidance, citing pricing actions in tobacco and positive momentum in NGP as factors contributing to their financial delivery acceleration.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
