BAT Lowers Outlook for New Products on U.S. Vaping Slowdown
- While new growth market cools, pricier cigarettes fuel profit
- Shares reverse decline as CFO forecasts strong earnings growth
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British American Tobacco Plc, the maker of Lucky Strike cigarettes, lowered its outlook for full-year sales growth in smoking alternatives as health concerns and a price war weigh on U.S. e-cigarette sales.