AG Barr Reaffirms Profit Guidance Despite Supply Disruptions

The soft-drinks group AG Barr reaffirmed its full-year profit guidance and expects double-digit percentage revenue growth for the year. This outlook follows a trading update on August 4, after which the company's shares fell as much as 6.51%.

For the 26 weeks ended August 1, the group expects revenue of approximately £246 million, representing an 8% increase over the previous year. Internal capacity changes and third-party manufacturing issues reduced first-half revenue by roughly £10 million. The company also completed the integration of Frobishers and Fentimans during this period.

Strong performance from core brands including Irn-Bru, Rubicon, and Boost was partially offset by weakness in Barr Brands and Funkin. CEO Euan Sutherland stated that the supply constraints impacting second-quarter performance are being resolved and that the company remains confident for the full year due to strengthening trading momentum.