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A.G.Barr PLC

A.G. BARR p.l.c. manufactures, distributes, and sells soft drinks and cocktail solutions in the United Kingdom and internationally. It operates in three segments: Soft Drinks, Cocktail Solutions, and Other. Its products include mixers, fruit purees, boost drinks, energy drinks, sports drinks, iced coffee, oat drinks, spring and sparkling water, fruit juices, and other non-alcoholic beverages, sold under brands such as IRN-BRU, Bundaberg, Barr Flavours, KA, D'N'B, OMJ!, Rubicon, Simply Fruity, Snapple, Sun Exotic, Tizer, and MOMA. Founded in 1875, the company is headquartered in Cumbernauld, the United Kingdom.

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Ex-Sainsbury's CFO Darren Shapland named AG Barr chair

UK beverage group AG Barr has appointed former Sainsbury's finance chief Darren Shapland as its new board chair with immediate effect, replacing Susan Barratt, who returns to her previous role as senior independent director. Shapland, who also becomes an independent non-executive director, will join the remuneration and ESG committees and chair the nomination committee. AG Barr CEO Euan Sutherland welcomed Shapland's 40 years of consumer, commercial, and financial expertise, which will support the company's growth strategy. The appointment comes after AG Barr reaffirmed its full-year profit guidance in August, expecting first-half revenue of around £246m ($330.8m), up 8% year-on-year, despite supply chain disruptions.
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BAG.LSE▼

AG Barr reaffirms profit guidance despite supply chain disruptions

AG Barr has reaffirmed its full-year profit guidance despite supply chain disruptions that weighed on a strong revenue performance in the UK soft-drinks group's first half. The Irn-Bru maker said its revenue for the 26 weeks ended 1 August is expected to be around £246 million, up 8% on the same period last year. The company estimated that internal supply-chain issues tied to a capability and capacity change programme, worsened by external third-party manufacturing problems, hit first-half revenue by roughly £10 million. AG Barr expects an improved revenue performance in its second half and is forecasting double-digit percentage revenue growth for the full year. Shares in AG Barr were down as much as 6.51% by midday UK time, trading at 603p.
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