A.G. Barr interim revenue rises 8.5% on core brands and acquisitions
UK soft drinks maker reports interim revenue up 8.5% on core brand growth and acquisitions; adjusted EPS up 0.4% and adjusted profit before tax up 2.6%. Supply chain issues constrained summer sales but were resolved by period end. FY revenue growth about 10% and FY adjusted operating margin around 15%, with capital expenditure about £40 mln.
G. 5% on core brand growth and the contribution from recent acquisitions. 6%. The company said supply chain issues affected summer sales but were resolved by period end.
The maker of IRN-BRU, Rubicon and Boost said revenue growth was supported by rebranding, innovation and marketing. It added that Fentimans and Frobishers contributed to growth and broadened its presence in functional and premium segments. G. Barr expects FY revenue growth of about 10%, with FY adjusted operating margin around 15%.
It also expects FY capital expenditure of about £40 mln. 90 mln. G. c.
shares is "buy", with 8 recommendations as "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell". The average consensus recommendation for the non-alcoholic beverages peer group is "buy". G. c.
6% above its Sept. 00. The stock recently traded at 12 times the next 12-month earnings, versus a P/E of 12 three months ago.