heads up tobacco BOUTIQUE PIPE & NOVELTY SHOP - Updated July 2026 - 11 Reviews - 50 New St, Mount Clemens, Michigan - Shops - Phone Number heads up tobacco National Drug

The smooth texture and minty finish make this product ideal for both morning and evening use

Continued strong cash delivery, and balanced capital allocation On track to deliver operating cash flow conversion 10 in excess of 95% in FY26 We expect to be within our 2.0-2.5x adjusted net debt/adjusted EBITDA target range 4 by year-end, while maintaining a progressive dividend and sustainable share buy-backs, with 1.3bn in 2026 Technical guidance for FY26: Global cigarette industry volume expected to be down c.2.5% (previously c.2%) Lower end of our medium-term guidance ranges: 3-5% revenue growth, mid-teens (previously low double-digit) New Category revenue growth 4-6% adjusted profit from operations 3 growth H2 weighted Expected c.1% transactional FX 11 headwind 5-8% adjusted diluted EPS 3 growth Translational FX 11 headwind of 2-3% on half-year and full-year adjusted diluted EPS growth Net finance costs 3 of c.1.75bn, (previously 1.8bn) subject to interest rate volatility Operating cash flow conversion 10 in excess of 95%, gross capital expenditure of c.750m Leverage 4 within our 2.0-2.5x adjusted net debt/adjusted EBITDA target corridor by year end Webcast and Conference call The conference call will begin at 8.30am ( BST) You can access the audio webcast via our website

But Mohammadi notes theres no reason to think drinkable products would be significantly different

Evans-Polce RJ, Veliz P, Boyd CJ, McCabe SE