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British American Tobacco (GB:BATS)
LSE:BATS
UK Market

British American Tobacco (BATS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 31, 2025
TBA Not Confirmed
Period Ending
2025 (Q2)
Consensus EPS Forecast
193.6
Last Year’s EPS
133.77
Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Feb 13, 2025
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% Change Since: -10.58%
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Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
While there were notable achievements in smokeless revenue growth and financial flexibility, significant challenges remain such as U.S. revenue decline, illicit vapor competition, and external headwinds in Bangladesh and Australia. The outlook for 2025 includes these headwinds, with an expectation for improvement in 2026.
Company Guidance
During the call, guidance for the company's financial outlook was provided with several key metrics and targets outlined. The company aims to return to 3% to 5% revenue growth and 4% to 6% adjusted profit from operations (APFO) growth, adjusted for Canada at constant rates by 2026. For 2025, they anticipate revenue growth of around 1% and APFO growth between 1.5% and 2.5%, considering headwinds from Bangladesh and Australia, which are expected to impact group revenue and APFO by 1% and close to 2%, respectively. They also highlighted the implementation of dashboards across business units to enhance decision-making and drive transformation, with a focus on maintaining financial resilience and fueling growth in new categories. The company remains committed to rewarding shareholders with a progressive dividend, which saw a 2% increase, and a sustainable share buyback program. They also aim to manage leverage within their target range of 2 to 2.5 times post-settlement of the Canada CCAA plan by the end of 2026.
Smokeless Revenue Growth
Smokeless accounts for 17.5% of group revenue, up 1 percentage point versus last year. Modern Oral category revenue grew 53% in 2024, with strong growth across all regions.
New Category Contribution Increase
New category contribution increased by GBP251 million with a 7 percentage point rise in category contribution margin on an organic constant rates basis.
Improved Financial Flexibility
Leverage reduced to 2.4 times, enabling the initiation of sustainable share buyback and a 2% growth in progressive dividend announced.
Operating Cash Conversion
Operating cash conversion exceeded 100% for the fifth year reflecting strong cash discipline.
Modern Oral Market Leadership
In AME, the company led the Modern Oral category with 65% volume share, and Velo captured 70% of category revenue growth.
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British American Tobacco (GB:BATS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GB:BATS Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 31, 20252025 (Q2)
- / -
1.693
Feb 13, 20252024 (Q4)
1.94 / 1.97
-8.227123.90% (+10.19)
Jul 25, 20242024 (Q2)
1.73 / 1.69
1.816-6.77% (-0.12)
Feb 08, 20242023 (Q4)
2.00 / -8.23
1.035-894.88% (-9.26)
Jul 26, 20232023 (Q2)
1.76 / 1.82
1.6748.48% (+0.14)
Feb 09, 20232022 (Q4)
2.02 / 1.03
1.748-40.79% (-0.71)
Jul 27, 20222022 (Q2)
1.67 / 1.67
1.5428.56% (+0.13)
Feb 11, 20222021 (Q4)
1.79 / 1.75
1.740.46% (<+0.01)
Jul 28, 20212021 (Q2)
1.52 / 1.54
1.578-2.28% (-0.04)
Feb 17, 20212020 (Q4)
- / 1.74
1.745-0.29% (>-0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:BATS Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 13, 20253394.00p3095.00p-8.81%
Jul 25, 20242472.28p2603.76p+5.32%
Feb 08, 20242120.00p2270.84p+7.12%
Jul 26, 20232296.82p2295.51p-0.06%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does British American Tobacco (GB:BATS) report earnings?
British American Tobacco (GB:BATS) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
    What is British American Tobacco (GB:BATS) earnings time?
    British American Tobacco (GB:BATS) earnings time is at Jul 31, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of British American Tobacco stock?
          The P/E ratio of British American Tobacco is N/A.
            What is GB:BATS EPS forecast?
            GB:BATS EPS forecast for the fiscal quarter 2025 (Q2) is 193.6.
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