BTI Earnings Prediction
The chart below shows how BTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BTI sees a -7.20% change in stock price 10 days leading up to the earnings, and a +3.37% change 10 days following the report. On the earnings day itself, the stock moves by +4.04%. This data can give you a slight idea of what to expect for the next quarter's release.
BTI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available
BTI Earnings Analysis
British American Tobacco p.l.c. Corporation (BTI.N) Earnings Conference Call
Positive
BAT's first half performance aligns with expectations and is on track to deliver full year guidance.
1.4 million smokeless consumers added, reaching 26.4 million, accounting for 18% of group revenue.
GBP165 million increase in new category contribution and 10 percentage point increase in category contribution margin.
Strong cash returns to shareholders with initiation of sustainable share buyback.
Expected acceleration in second half performance due to U.S. investments, innovation momentum, and enhanced capabilities.
Investment in new category launches globally to drive sustainable growth and value creation.
Strong financial stability and resource allocation to balance top and bottom line performance.
Investment in innovation and streamlining operations for efficiencies.
Increase in new category contribution driving contribution margin up.
Expected acceleration in second-half performance with strong revenue growth.
Anticipated improvement in U.S. performance and double-digit revenue growth for full year.
Commitment to disciplined capital allocation and strong shareholder returns.
Expected progressive improvement in delivery with 3-5% organic revenue growth by 2026.
Accelerators driving second half performance include improving U.S. performance, innovation in new categories, and lapping a softer comparator in APMEA.
Strong revenue growth in Europe and APMEA for vapor category.
Growth in multiple regions including South Korea, New Zealand, and Indonesia for vapor products.
Resilient performance in AME and APMEA for smokeless products.
Market share increase in key combustible markets such as Brazil, Bangladesh, and Pakistan.
Double-digit revenue growth expected for the full year.
Lapping a softer comparator in APMEA for second half performance.
Continued strong performance in AME.
Operating margin successfully offsetting inflation and transactional FX headwinds.
Expected improvement in EPS with lower costs and tax rate.
High cash flow conversion and de-leverage progress.
Commitment to sustainable share buyback and progressive dividend.
Investment in production capacity for Modern Oral category for future growth.
Expected acceleration in second half financial performance.
Negative
- Group revenue was down 0.8%
- Profit from operations was down 0.9%
- Adjusted profit from operations in the U.S. was down 5%
- Gl Revenue was down 4%
- Volumes declined by 6.9% on an organic basis
- Revenue in the U.S. was down 7%
- Glo revenue was impacted by price repositioning in Japan and Italy
BTI FAQs
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BTI Earning Call Sentiment
British American Tobacco p.l.c. (BTI) Q2 2024 Earnings Call Transcript
BTI.N
4.48%Positive
The earnings call summary indicates several negative factors: declining group revenue, macroeconomic headwinds, and a decline in combustible volume. While there are positives like new category revenue growth and a share buyback program, the Q&A section highlights concerns about elasticity in U.S. combustibles and regulatory challenges. Overall, the negative aspects, particularly in the U.S. market, outweigh the positives, leading to a negative sentiment rating.