logo
Plus   Neg
Share
Email

A.G.BARR Sees Weak Revenue In H1; Warns On FY19 Profit - Quick Facts

A.G. BARR plc (BAG.L), a producer of drinks brands, Tuesday said it expects first-half revenue to be in the region of 123 million pounds, around 10% lower than last year's 136 million pounds.

The company said its trading in the financial year to date has been below expectations.

Looking ahead, the company now expects profit performance for the full year to decline by up to 20 percent from the prior year.

The company noted that despite its strong second half plan, it is not expected to recover fully from the volume impact in the first 5 months of this year and the current trading it is experiencing.

There is likely to be some exceptional costs in the current financial year related to actions taken to regain momentum.

Roger White, Chief Executive Officer, said, "While the Funkin business goes from strength to strength, it has been a challenging start to the year for Barr Soft Drinks. Weather comparatives and trading, particularly in the impulse on-the-go market, have been even tougher than expected which, along with some brand specific challenges, have led to a short-term impact on our financial performance."

The company will announce its interim financial results for the 26 weeks to July 27 on September 24.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Krispy Kreme Doughnuts is giving a dozen of its Original Glazed Doughnuts for just $1 as part of its annual 'Day of the Dozens' offer. The offer is available on Thursday, December 12, and is a play on the date, 12/12. To get the deal, customers have to purchase a dozen doughnuts at the store's retail price. Customers can buy doughnuts of any flavor they like to qualify for the deal. Home Depot has blamed the nation's opioid crisis for the recent surge in theft at its stores, reports said. The home improvement retailer made the claim at an analyst and investor conference on Wednesday saying it expects the theft, which retailers call shrink, to narrow its operating margin for the next year. The opioid crisis in the U.S. is growing at an alarming rate. Amazon said that Prime members in select areas can shop a number of items until Christmas Eve and receive them on the same day itself with Prime free same-day delivery and free two-hour delivery. The option is available through Amazon Fresh and Whole Foods Market. In addition to groceries, Prime members in select cities can shop Amazon Fresh for tens of thousands of items.
RELATED NEWS
Follow RTT
>