Soft drinks

AG Barr lifted by ‘market factors’ in first half

Irn-Bru commonwealth

AG Barr says it will resume dividend payments

Irn-Bru maker AG Barr said factors driving a strong first six months are unlikely to be repeated in the second half of the year.

In a trading update the company said group revenue for the 27-week first half is expected to be 18% ahead of last year, or 13% on a like-for-like 26-week basis.

“Trading has been strong across both our business units, Barr Soft Drinks and Funkin,” it said. “This performance has been driven by a combination of brand-led initiatives and market factors, some long-term and structural and others more one-off, resulting in a short-term boost to operating margin, which we would not expect to be replicated in H2. 

“Full year operating margin is still anticipated to be slightly ahead of the prior full year.”

Funkin capitalised on the increase in demand for cocktails at home, through both traditional retail and direct to consumer channels, becoming the UK’s top-selling ready to drink cocktail brand.

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