Universal Corp (UVV) stock fell 6.08% to a new 52-week low after its Q1 FY2027 adjusted EPS missed expectations and operating profit in its tobacco business plunged 90%.
Universal Corp (UVV) stock fell 6.08%, dropping below its 52-week low, after its Q1 FY2027 adjusted EPS missed expectations and operating profit in its tobacco business plummeted 90%. The company released its earnings report after market close on August 5, reporting adjusted EPS of -$0.20, missing market expectations of $0.25. Revenue was $523.78 million, below the expected $587 million, a year-over-year decrease of 11.79%. Specifically, revenue from the core tobacco business decreased by 13% year-over-year, and operating profit plunged 90% to $3.47 million. Management expects tobacco shipments to rebound in the second half of fiscal year 2027. Peers Altria and Philip Morris saw slight declines in their stock prices, while Turning Point Brands rose by 16.42%.
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