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 08:03
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.