Irn-Bru Maker AG Barr Sees FY Profit, Revenue Beating Expectations


AG Barr said on Tuesday 31 January it expects its full-year revenue and profit to beat market expectations, helped by price hikes and steady demand for its cocktail mixes and beverages.

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The company raised prices last year to deal with surge costs and launched new products as it benefited from greater at-home consumption of food and drinks that held even after the pandemic and despite pubs and restaurants reopening.

The maker of the orange fizzy drink Irn-Bru forecast revenue of £315 million for the year ended 28 January and said it expects full-year profit to be slightly ahead of market expectations.

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Analysts expect the group to report an annual revenue of £302 million and a pretax profit of £42.6 million, according to company-compiled estimates.

Read more: Irn-Bru Maker AG Barr Expects Higher First-Half Revenue

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