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Irn-Bru Maker AG Barr Says Supply Chain Issues Lost Firm £10m in Sales
Supply disruptions and factory upgrades cut about £10 million in sales, but AG Barr said revenue still rose 8.5% and second-half supply has normalized.
- On Tuesday, Irn-Bru maker AG Barr reiterated its annual forecast and reported an 8.5% revenue increase to £247.4 million for the six months to August 1, projecting stronger second-half performance as supply chain issues eased.
- Internal disruptions linked to a "capability and capacity change programme" and third-party manufacturing bottlenecks cost the company around £10 million in first-half revenue, reducing product availability on store shelves.
- Adjusted pre-tax profits rose 2.6% to £36.1 million, though statutory profit fell 3.7% to £33.9 million due to integration costs from Fentimans. The company maintained a 15% adjusted operating margin.
- Chief Executive Euan Sutherland announced the interim shareholder dividend is being raised 11% to 3.82p per share. Acquisitions of Fentimans and Frobishers helped offset investment costs and Middle East inflation.
- Management guides for around 10% revenue growth this year, supported by market share gains. Label Sessions managing director Nick Sherrard notes the firm outperformed the market, though analyst Alex Pugh warns organic growth "looks flatter" when acquisitions are stripped out.
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13 Articles
Irn-Bru maker AG Barr sees stronger second half as supply woes ease
·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left5Leaning Right0Center2Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 29%
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