Margins under pressure at AG Barr

AG Barr, the soft drinks group, is losing its fizz, as margins come under pressure, with the recent heavy rainfall in the UK only adding to the gloom.

AG Barr, the soft drinks group, is losing its fizz, as margins come under pressure, with the recent heavy rainfall in the UK only adding to the gloom.

Despite the difficult conditions, the Irn-Bru maker has has continued to grow strongly ahead of the market and anticipates sales revenue of around £130m for the six months to July 28th, an increase of over 4.5% on the prior year, after its core brands continued to respond well to its approach of investing in brand equity and extending distribution. In the first 14 weeks of the six-month trading period, sales were running 4.3% ahead of the same period last year, so the projection of a better than 4.5% uplift in sales represents an improvement.

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