UK: AG Barr year starts strong
AG Barr has reported a slight lift in sales for the first 13 weeks of its current financial year.
The UK-based soft drinks company, which owns the Irn Bru drinks brand, said yesterday (11 June) that sales for the three months to the end of April were up by 4% on a year-on-year basis. AG Barr said it was particularly happy with the performance when compared to an 11% like-for-like performance in the same period last year.
"Revenue performance in core carbonate brands, particularly in Irn-Bru, has been strong and overall sales have benefited from new products including Rockstar, Taut, Vitsmart and the growing St Clement's fruit drinks and smoothie range," the company said. "We continue to look for suitable opportunities to develop our brand portfolio further."
Despite continued pressure from rising raw material prices, AG Barr said this was being offset by product price increases and "further improvements" in material usage implemented during the period.
Trading in May, meanwhile, saw the benefit of some improved weather, with the company maintaining a full-year trading outlook "in line with expectations".
In October last year, AG Barr signed an exclusive five-year partnership agreement with the North American energy drinks brand Rockstar to sell its double-sized energy drink brands across the UK.
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