Sep 26, 2019 / 08:00AM GMT
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Imperial Brands conference call. (Operator Instructions) I must advise you that this conference is being recorded today, 26th of September.
I would now like to hand the conference over to your speaker today, Alison Cooper. Please go ahead.
Alison J. Cooper - Imperial Brands PLC - CEO & Executive Director
Thank you. Good morning, everyone, and thank you for joining at this relatively short notice. I'm joined this morning by Oliver Tant and Matthew Phillips.
We've issued a statement this morning revising our current year revenue and earnings expectations. We're clearly very disappointed that we've needed to do this.
So what has changed? In essence, there are 2 key factors that have impacted our expectations.
Firstly, there's NGP, where our delivery is below expectations in the U.S.A. We stepped up our investment in brand, in retail contacts and consumer promotions in the second half, and our performance has been improving as a result.
Imperial Brands PLC Trading Statement Call Transcript
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