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Irn Bru helps AG Barr predict a jump in sales
SOFT drinks maker AG Barr expects a six per cent rise in like-for-like sales for the full year on a strong fourth quarter, boosted by demand for its core brands like Irn-Bru and Rubicon.
With a double-digit growth rate at its core brands, the FTSE 250 company expects like-for-like total sales in the final quarter to be more than 12 per cent ahead of the prior year, and said it was on track to meet expectations for 2012. However, the company said it saw continued pressure on consumer spending due to rising input costs, and stiff competition.
“We will maintain our focus on costs throughout our total operation to ensure our margins are protected,” the company said in a statement yesterday.
AG Barr shares rose 2.9 per cent to £12.58.