BAT Predicts Slight Increase in Earnings Following Annual Earnings Shortfall

British American Tobacco (BAT) recently released its full-year financial results, reporting adjusted profits that fell below market expectations. However, the company remains optimistic about its growth potential and has reaffirmed its forecast for 2024. Despite this positive outlook, BAT has also issued a cautionary statement regarding its investment plans for its U.S. business, which may impact its performance in the first half of the year.

Adjusted profits for BAT in 2020 were lower than what analysts had predicted, causing some concern among investors. However, the company remains confident in its long-term growth strategy and has maintained its forecast for 2024. This is a positive sign for shareholders, as it indicates that BAT is still on track to achieve its goals despite the challenges faced in the past year.

One of the key factors affecting BAT’s performance in the near future is its investment in its U.S. business. The company has recognized the potential for growth in this market and is taking steps to strengthen its presence. However, this investment will have an impact on BAT’s performance in the first half of the year, as the company expects to see a weight on its financial results during this time.

Despite this cautionary statement, BAT remains committed to its long-term growth strategy and is confident that its investment in the U.S. market will pay off in the future. The company has a strong portfolio of brands and a global presence, which puts it in a good position to capitalize on opportunities for growth.

In conclusion, while BAT’s full-year adjusted profits may have fallen below consensus, the company’s growth forecast for 2024 remains  

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