Lucky Strike maker BAT sees stronger H2 revenue growth in new category, combustibles

The maker of Lucky Strike and Dunhill cigarettes said it remains on track to meet its 2024 outlook of low-single-digit organic revenue and adjusted profit growth. "In the United States, I am encouraged that our investment approach, taken over the last 18 months to strengthen our business, is working despite a challenging macro-economic backdrop," CEO Tadeu Marroco said in a statement. BAT, along with Philip Morris and Japan Tobacco, is set to pay C$32.5 billion ($22.94 billion) to settle a long-running tobacco lawsuit in Canada, as part of a proposed plan by a court-appointed mediator, Philip Morris said in October.

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Lucky Strike maker BAT sees stronger H2 revenue growth in new category, combustibles

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