Japan Tobacco is expected to surpass expectations in Q3 2023, with volume recovery in the deomestic market and price increases in the Philippines and the UK driving revenue and OP growth.
Boomeranged on Tue, 31 Oct 2023 16:03
JT has exceeded expectations, reporting a revenue of ¥764bn (consensus: ¥707.5bn) and an OP of ¥218bn (consensus: ¥178.2bn). Additionally, the company has raised its annual revenue, operating profit, and free cash flow guidance by ¥85bn, ¥45bn, and ¥25bn respectively.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.