Last checked at (Sharecast News) - Irn-Bru maker AG Barr lifted its full-year profit expectations following better-than-expected trading since its results in March.
At the full-year results earlier in the year, the drinks company said it was in strong financial health, with its brands and business poised for growth on a like-for-like basis.
"Trading since then has been better than anticipated, driven by a combination of factors, some Covid related, including customer restocking, in the hospitality sector in particular, and some associated with underlying brand momentum, such as the positive performance of recent innovation launches," it said on Tuesday.
As a result, it now expects profit for the current 53-week financial year to the end of January 2022 to be "slightly" ahead of the 52-week year prior to Covid, when it delivered pre-tax profit of £37.4m.
24 Jun 2020 08:22
AG Barr says Rockstar contract has ended, trading still dented by lockdown
(Sharecast News) - Shares of AG Barr fizzed lower after the Irn-Bru maker said late on Tuesday that its sale and distribution contract with US energy drinks company Rockstar Inc had been terminated and that trading continues to be dented by the Covid-19 lockdown.
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