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AG Barr sees sales slip in Q1

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AG Barr has said it remains on-course to hit its full-year targets, despite a slight dip in total sales for its latest quarter.

Irn Bru is AG Barrs flagship soft drinks brand

Irn Bru is AG Barr's flagship soft drinks brand

The UK-based company, which owns the Irn Bru, Rubicon and – since February – Funkin brands, saw sales in the 15 weeks to 9 May decrease by 1.1% on the prior-year period. The sales fall compares to a 0.7% sales rise in the UK's total soft drinks market in the period, Barr said in today's trading update.

The company added: "This sales performance reflects the return to a more normal sales phasing over the year compared to the strong first half performance in prior year sales related to our Glasgow 2014 Commonwealth Games marketing and promotional activity.

"The UK macroeconomic environment appears more positive," Barr continued. "However, this is balanced by a retail market which continues to be competitive and volatile. We remain confident in our strategy and long-term prospects. We are on course to meet our expectations for the full year despite the challenging conditions across the market."

Also in the statement, Barr announced that it has secured a further 5.4 acres at its production facility in Milton Keynes, which opened almost two years ago. The extra land, some of which will be used for warehousing, has cost Barr around GBP11m (US$17m).

The company held its AGM in Glasgow today.


Sectors: Company results, Soft drinks, Water

Companies: AG Barr

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