A.G. Barr Sees Revenue Rise 3.9% In Third Quarter
Drinks firm A.G. Barr has seen its revenue rise by 3.9% in the 18 weeks to 28 November, according to a trading update issued by the company today (3 December).
The group said that its “revenue performance in the third quarter has gained momentum as we put the specific challenges of the first half behind us and return to our long-term growth strategy.”
Year to date revenue (from its ongoing business) to 28 November was 0.2% down on the previous year, it noted.
“Despite continued difficult market conditions we have maintained our market share, as measured by the latest available IRI market data, supported by continued brand investment,” it said.
Commenting on its performance Phil Carroll of Shore Capital Stockbrokers said, “Management says that it expects the soft drinks market to remain highly competitive, but its sales execution activities are well developed. Therefore, assuming a satisfactory performance over the important festive period, the company remains on track to meet its expectations for the year.”
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.