UK: Pepsi growth boosts Britvic Q1 sales
- First quarter group sales climb by 2.5%
- UK sales increase by 2.8%
- France sales grow by 12.6%
- International sales up by 1.7%
The Fruit Shoot and Tango producer saw sales climb by 2.5%
Britvic has recorded an increase in first-quarter sales, driven by a strong gain in market share for the Pepsi brand in the UK.
For the three months to 20 December, the Tango producer, which also bottles PepsiCo's drinks brands in the UK and Ireland, saw sales climb by 2.5%. The figure was boosted by 2.8% sales growth in the UK, Britvic reported today (25 January).
The company's CSD sales in the UK grew by 5.8%, with the Pepsi brand gaining "substantial" market share in the period. This helped offset a 10% drop in sales in the firm's Irish market, thanks to a poor performance from its third-party brands, mainly alcohol, which the company distributes through wholesale.
Sales in France, however, grew by 12.6% as a result of price increases to cover raw material inflation. International sales climbed by 1.7%.
"Our GB, French and international business units have again delivered positive revenue growth and we continue to compete strongly and effectively in each of our markets," said Britvic's chief executive, Paul Moody.
"We expect the general economic and trading environments to remain challenging but, despite this caution, we are confident in our ability to deliver another solid set of results for the year ahead, in line with our expectations," he added.
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