UK's A G Barr interim revenue rises 8.5% on core brands and acquisitions
UK's A G Barr interim revenue rises 8.5% on core brands and acquisitions
Overview
UK soft drinks maker's interim revenue rose 8.5% on core brand growth and acquisitions
Adjusted EPS for the period up 0.4%, with adjusted profit before tax up 2.6%
Supply chain issues impacted summer sales but were resolved by period end
Outlook
A.G. Barr expects FY revenue growth of about 10%
Company sees FY adjusted operating margin around 15%
A.G. Barr expects FY capital expenditure of about £40 mln
Result Drivers
CORE BRAND GROWTH - Co said revenue growth was driven by strong performance of IRN-BRU, Rubicon and Boost, supported by rebranding, innovation and marketing
ACQUISITIONS - Recent acquisitions Fentimans and Frobishers contributed to revenue growth and expanded presence in functional and premium segments
SUPPLY CHAIN ISSUES - Internal and external supply chain disruptions during summer peak constrained revenue, but were resolved by period end
Company press release: ID:nRSc6506Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 247.40 mln |
|
H1 Adjusted EBIT Margin |
| 15.00% |
|
H1 Adjusted Pretax Profit |
| GBP 36.10 mln |
|
H1 Dividend |
| GBP 0.04 |
|
H1 Pretax Profit |
| GBP 33.90 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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"
Wall Street's median 12-month price target for A.G. Barr p.l.c. is GBp800.00, about 33.6% above its September 28 closing price of GBp599.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)