Barr (A.G.) (BAG)

Sector:

Beverages

Index:

FTSE 250

582.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 587.00
  • 52 Week Low: 451.50
  • Currency: UK Pounds
  • Shares Issued: 112.03m
  • Volume: 227,054
  • Market Cap: £652.01m
  • RiskGrade: 132

AG Barr earnings up as on-trade recovers from pandemic

By Josh White

Date: Tuesday 27 Sep 2022

LONDON (ShareCast) - (Sharecast News) - AG Barr reported a 16.7% improvement in first-half revenue on Tuesday, to £157.9m, with "strong sales" recorded in both of its business units.
The London-listed drinks maker said its reported profit before tax expanded by 1.2% year-on-year for the 26 weeks to 31 July, to £24.7m, as its adjusted profit before tax jumped 22.8% to £25.3m.

Its adjusted operating profit margin was stable at 16.2%.

Cash and cash equivalents at period end stood at £61.3m, down 6.6% year-on-year, while basic earnings per share surged 48.5% to 18.98p.

The board declared an interim dividend of 2.5p per share, up 25p from the 25% half-year distribution it made a year ago.

Operationally, Barr recorded "strong" sales momentum across both of its business units, with Barr Soft Drinks up 12.3%, and Funkin up 21.4%.

It said trading benefitted from the year-on-year Covid-19 recovery, particularly in the on-trade and out-of-home sectors, as well as good summer weather.

"We made a very strong start to the year and continue to see good momentum across our business and brands," said chief executive officer Roger White.

"That said, the UK's high level of inflation has accelerated across the summer and is creating a well documented cost of living crisis for many consumers, alongside increasing challenges for industry."

White said Barr was continuing to take action to mitigate the cost pressures it was facing, both in the short term across the balance of the current financial year, and where possible into 2023.

"We anticipate in the coming months that the current economic environment will impact consumer purchasing behaviour, however we currently remain confident that our strategy and actions will allow us to deliver a full-year profit performance ahead of the prior year."

At 0850 BST, shares in AG Barr were down 0.3% at 496p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Barr (A.G.) Market Data

Currency UK Pounds
Share Price 582.00p
Change Today 2.00p
% Change 0.34 %
52 Week High 587.00
52 Week Low 451.50
Volume 227,054
Shares Issued 112.03m
Market Cap £652.01m
RiskGrade 132

Barr (A.G.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.2% below the market average88.2% below the market average88.2% below the market average88.2% below the market average88.2% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
71.09% above the market average71.09% above the market average71.09% above the market average71.09% above the market average71.09% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
34.89% above the market average34.89% above the market average34.89% above the market average34.89% above the market average34.89% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barr (A.G.) Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 05-Oct-23
Paid 07-Jun-24 27-Oct-23
Amount 12.40p 2.65p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 83,547 @ 582.00p
16:35 1 @ 582.00p
16:35 83 @ 582.00p
16:35 318 @ 582.00p
16:35 264 @ 582.00p

Barr (A.G.) Key Personnel

CEO Roger Alexander White
Finance Director Stuart Lorimer

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