AG Barr loses its sales fizz after Commonwealth Games boost

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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.”

Source Article from http://www.standard.co.uk/business/business-news/ag-barr-loses-its-sales-fizz-after-commonwealth-games-boost-10278506.html

May 28, 2015 |
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