LONDON (Thomson Financial) - A.G. Barr Plc. said its revenues for the first
13 weeks of the financial year increased by 4 percent year-on-year and its
trading outlook is in line with expectations.
The soft drinks company also said its operating margins were in line with
expectations with continued pressure from rising raw material prices being
offset by product price increases and further improvements in material usage
implemented during the period.
The company said its revenue rise for the 13-week period is a strong
performance, especially when compared to an 11 percent like-for-like performance
in the same period last year, which was boosted by above average weather and the
positive impact of promotional phasing.
Barr also said its trading in May has seen the benefit of some improved
weather. However, it continues to assume that it will experience average weather
conditions across summer this year.
TFN.newsdesk@thomson.com
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