BTI British American Tobacco PLC

   By Ian Walker 
 

British American Tobacco PLC said Thursday that to date it has seen limited impact on consumer demand, pricing or consumers' ability to access products, but that expects a reduction in stock levels and a subsequent fall in revenue growth in the second quarter.

The company--which houses a number of electronic and vaping products as well as traditional cigarettes--added that revenue is expected to grow at the low end of the 3%-5% range this year on a constant-currency basis.

However, it added that the board is committed to high single figure constant currency adjusted diluted earnings per share growth.

BATs also said that it plans to pay 65% of adjusted EPS in dividends.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

April 30, 2020 02:59 ET (06:59 GMT)

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