Date: October 21, 2025 (Tuesday), before the bell Consensus: $10.65Bn revenue (+7.5% year-on-year); $2.096 EPS (+9.7% year-on-year) Guidance: $2.08 to $2.13 (including ¢5 favorable FX) What to Watch: (1) ZYN U.S. performance (2) Heated tobacco performance in the international markets (3) Cigarette volume/pricing development ZYN U.S.: In Q2 2025, Philip...
Research: Tobacco Products
October 2025: 70% of Policy Experts Misidentify Nicotine as Primary Cause of Smoking-related Diseases Based to a multi-market survey of 450 policy experts conducted across 15 different markets in 2024/25, British American Tobacco (BAT) stated that 70% of policy experts continue to misidentify nicotine as primary cause of smoking-related diseases....

