AG Barr boosts revenue despite dismal weather

Soft drinks maker AG Barr improved revenue, following a good performance from its core products despite the soggy weather, and said it is very confident in future trading.

Soft drinks maker AG Barr improved revenue, following a good performance from its core products despite the soggy weather, and said it is very confident in future trading.

The Irn-Bru maker said total revenue for the 15 weeks to May 12th 2013 increased 2.4% from the same period last year.

Advertisement - Article continues below

The group said this compares favourably with the overall soft drinks market, as measured by Nielsen, which was flat in revenue terms during the same period. The drinks market has been hurt by the unseasonable weather and a strong prior year performance.

AG Barr said: "Whilst it is still early in our financial year, our core brands continue to perform well despite the weather, economic challenges and significant increases in competitor promotional activity."

During the period, the group said margins performed in line with company expectations as it continues to invest in marketing across all of its core brands.

Commenting on the potential merger with Britvic, it added: "We continue to cooperate fully with the Competition Commission and in line with the published timetable we expect to receive notification of their provisional findings in early June."

Looking ahead the Cumbernauld-based firm said as it enters the key summer trading period, it expects the marketplace will remain highly competitive.

"Our commercial and operational plans are well developed and we remain focused on delivering a strong result for the year. We remain very confident in our future prospects," it said.

AG Barr said its balance sheet remains strong and there have been no significant changes in its financial position since its update in January.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020