COMMENT: S&N pubs still cloud future performance
Yesterday in an AGM statement the UK brewer Scottish & Newcastle said it was confident of meeting its financial objectives for the year, despite what it called "variable" conditions in its major markets. An S&N trading statement indicates that it has gained market share in all of its beer operations. In the UK (29% of group EBIT), its top five brands in the UK grew by 3% in the year to date. However, this compares with data released from the UK government yesterday that shows total beer volumes up 4.6% on a moving annual total basis and 4.8% on a quarter on quarter basis. "This suggests that the S&N are not necessarily out-performing the beer market," said Stuart Price of equity analyst WestLB Panmure in a research note.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Craft spirits shake-out will be just the beginning
- How Treasury is rewriting the rule book - Comment
- The decline of the flagship beer brand - Comment
- Drinkable yogurt - The next drinks opportunity
- Coca-Cola India suspends bottling operations
- Diageo brands need "fixing and nurturing" - TWE
- Diageo revamps Gordon's gin bottle in UK
- SAB shareholders granted AB InBev vote split
- Craft Brew Alliance poised for AB InBev takeover?
- Diageo's Guinness Rye Pale Ale - NPD
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages