AG Barr loses its sales fizz after Commonwealth Games boost

AG Barr, which also makes Rubicon juices and Tizer, said total sales dropped 1.1% in the  15 weeks to 9 May.

It has been a busy year for the Cumbernauld-based business, which sold off its Orangina and Findlays water coolers brands, while buying cocktail mixers firm Funkin for up to £21 million in February.

Bosses said the new business contributed nearly £3 million to gross sales during the period and added that plans to expand its Milton Keynes warehouse were well under way, with a cost of £11 million.

 

Despite insistences from the company that the fall in sales is just a blip and full-year targets are on track, shareholders took flight, sending the shares down 13.5p to 609.5p.

It added: “The UK macroeconomic environment appears more positive.”