Business UpdateJul 1, 2026, 10:31 AM
British American Tobacco Reaffirms FY26 Guidance; New Category Growth Accelerates
AI Summary
British American Tobacco p.l.c. reaffirmed its full-year 2026 guidance, driven by accelerating New Category revenue growth, now expected to be in the mid-teens for H1 and FY26. The company reported strong performance in the U.S. and is on track to reduce its leverage to within 2.0-2.5x by year-end, alongside a progressive dividend and £1.3bn in share buybacks for 2026. Additionally, the company announced the purchase and cancellation of 471,544 shares as part of its ongoing buyback program and the issuance of 94,855 shares under its Sharesave Scheme.
Key Highlights
- New Category revenue growth expected mid-teens for H1 and FY26.
- Purchased 471,544 shares between May 26-29, 2026 as part of buyback program.
- Issued 94,855 ordinary shares for Sharesave Scheme between May 1-29, 2026.
- On track to reduce leverage to 2.0-2.5x by year-end.
- Committed to £1.3bn in share buybacks for 2026.
- FY26 revenue growth expected at lower end of 3-5% range.
- FY26 adjusted profit from operations growth expected at lower end of 4-6% range.
Price Impact
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