Britvic warns of slow sales ahead
BRITVIC, the owner of Tango, Robinsons and J20, yesterday cheered investors with fizzing first-quarter sales.
The company’s shares rose 27bp to 431fp, even though it warned second-quarter growth would slow because of the recent bad weather and tough comparison with last year, when sales increased strongly.
“Adverse weather conditions have been unhelpful, resulting in a slowing of demand,” said Britvic in a statement. To dampen expectations further, the company warned it was cautious on consumer confidence and spending .