Shares in A.G. Barr (LSE: BAG) lifted over 1.5% in early trade this morning, following the release of its interim management statement.
The headline figure was revenue increasing by 8% for the 18 weeks to 1 December 2013 against the comparative quarter last year, with year-to-date revenue rising to 6.7% as at the beginning of the month.
A 6.4% lift in volume in the quarter helped contribute towards a year-to-date volume increase of 5.1%, faring well against the market average rises of 4.1% in revenue and 3.1% in volume.
Management still believes that they will deliver full-year expectations despite “tough year-on-year trading comparatives”, with margins as anticipated.
The soft drinks group doesn’t seem to be suffering too badly from the failed merger with Britvic, as A.G. Barr has incrementally outpaced the FTSE All-Share over the last 12 months (though Britvic is currently beating it by a stunning 75%).
