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Why British American Tobacco Shares Are Surging Today

British American Tobacco (NYSE: BTI) posts resilient FY24 results with a 3.1% organic revenue growth, led by a 21.0% surge in New Categories revenue. Despite a 1.3% revenue dip, strategic pricing and strong performance in Non-Combustibles drive profitability. BTI anticipates low-single-digit organic revenue growth in FY24 amid global tobacco industry volume decline. CEO Tadeu Marroco emphasizes strategic investments to fortify the U.S. business and aims for 3%-5% organic revenue growth by 2026.

BTI