British American Tobacco (NYSE: BTI) stock got hit with a big sell-off Thursday. The tobacco giant's share price closed out the day down 7.3%, despite gains of 1.04% for the S&P 500 index in the daily session.

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British American Tobacco p.l.c.'s FY 2024 results highlight resilience with 1.3% revenue growth, solid cash flow, and a 7%+ dividend yield. Read more here.

The stock fell after the company missed market expectations for 2024 and announced a provision related to a litigation settlement in Canada.

British American Tobacco shares fell sharply on Thursday after the group revealed a £6.2billion hit from a long-running legal spat in Canada.

British American Tobacco incurred a significant financial loss of 6.2 billion pounds due to a lawsuit settlement in Canada. The company also faces anticipated challenges in Bangladesh and Australia, affecting its 2025 outlook after missing the revenue forecast for the year.

British American Tobacco Plc’s growth in smoke-free products was dragged down by the prevalence of illicit vapes in the US market, pushing the cigarette maker to provide disappointing guidance for 2025.