Investors will be looking for further evidence that Irn-Bru maker AG Barr has resolved its supply problems which were largely self-imposed, according to analysts, because of having items in the wrong places.
The Cumbernauld company, which reveals half-year figures on Tuesday, said in last month’s update it would take a £10 million revenue hit from the disruption, but is still expecting revenue to jump year-on-year.
Income should come in 8% higher at about £246m, driven by core brand growth and acquisitions.
Chief executive Euan Sutherland said in the August update that the company had completed the integrations of both Frobishers and Fentimans and continued to drive its core brand propositions.
Greggs
The glory days for Greggs, which greeted the successful launch of its vegan sausage roll, are in the rearview mirror – but the share price has been showing some signs of life in recent months, says Dan Coatswoth at AJ Bell.
Greggs’ third-quarter update should reveal how the chain is managing costs and whether the summer heatwaves’ impact on purchases of baked goods alongside continuing pressures on household budgets took a bite out of sales.
“Despite the better-than-anticipated first-half performance, like-for-like growth was still sluggish, and investors will hope product innovation has helped revive momentum,” says Coatsworth.
“Investors may also look for an update on estate expansion plans and its launch of new compact formats amid fears Greggs is reaching saturation point, creating a risk that new stores just cannibalise sales from existing ones.”
DIARY
Tuesday 29 September
- First-half results from AG Barr
Wednesday 30 September
- Trading update from Greggs
- UK final quarterly GDP
- Eurozone CPI inflation
Thursday 1 October
Friday 2 October
- Full-year results from JD Wetherspoon
- US non-farm payrolls
#Barr #supply #update #Greggs #focus #costs #Daily #Business