UK: AG Barr sales rise but cautious on H2
AG Barr said it has seen strong performances across all is core brands
AG Barr has said it expects to face a tougher second half, despite sales performing ahead of the market in the first-half of this year.
In an interim trading update today (29 July), the firm said it anticipates that total sales will reach GBP118m (US$184m) for the six months to the end of July, an increase of 13% on the prior year.
AG Barr said it has seen strong performances across all is core brands, including Irn-Bru, Barr and Rubicon in particular.
“Our operating margins have been in line with our expectations however we anticipate some significant inflation in imported fruit costs in the second half of our financial year which will impact the Rubicon brand,” the firm said. “We are taking steps to minimise this impact where possible and expect to implement specific price increases for Rubicon in the next few months.”
AG Barr said it expects its full year trading performance to be “ahead of management’s expectations”.
The firm will announce its six-month results on 28 September.
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