AG Barr confident despite pressures
Scottish soft drinks maker AG Barr said current trading remains in line with company expectations and it is on track for the full year despite constrained consumer spending and fierce competition.
Scottish soft drinks maker AG Barr said current trading remains in line with company expectations and it is on track for the full year despite constrained consumer spending and fierce competition.
The maker of Irn Bru and Tizer said revenue for the 18 weeks from 31 July increased by 5.6% compared to the same period last year, after a strong performance from its key brands.
AG Barr said year to date revenue has increased by 4.6% compared to annual growth of 11.5% the year before.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Operating margins remain in line with company expectations.
"Across the market consumer spending continues to be constrained and competitor promotional activity remains high. We are now entering the important seasonal Christmas trading period when we anticipate marketplace pricing and promotion will remain very competitive," the company said in a statement.
AG Barr added, "In the period we made good progress against our operational improvement objectives following the temporary capacity challenges experienced earlier in the year, however we have continued to outsource a limited volume of production to ensure customer service levels were met during the key summer months."
--
cj
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: The Grill at the Dorchester
The Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy
-
Review: The Hut, Colwell Bay – a seafood lunch with a holiday feel
Travel Getting to The Hut in Colwell Bay on the Isle of Wight is almost as rewarding as actually eating there