Soft drinks group AG Barr has said revenue in its fourth quarter to 30 January is expected to grow in excess of 2.5%.
The company said this performance was lapping a prior year fourth quarter revenue growth performance of 5%.
It said business performance had continued to improve across the second half of the year and revenue for the 53 weeks ending 30 January was now expected to be around £257m. On an ongoing basis, stripping out the effect of the 53rd week, revenue for the full year is forecast to decline approximately 1.5%.
On the outlook, the company said: “Having dealt with the challenges of the first half and successfully managed the festive trading period we are on course to meet our expectations for the year.
“While trading conditions are expected to remain challenging, we are confident that the combination of our strong and flexible business model, our differentiated brands and our well invested asset base will allow us to deliver further long term business success.”
AG Barr will announce its full year financial results on 29 March.
