SOFT drinks conglomerate
The Tango and J2O maker said that while soft drinks are not "immune to changes in consumer spending", the firm was confident it would be able to navigate headwinds as it said its own "family favourite brands" have shown themselves to be resilient previously.
The 177-year-old company said its pre-tax profits increased 48.7 per cent to £45.8m, while its revenues jumped 18.5 per cent to £719.3m.
The drinks seller noted that sales of its single serving, "immediate consumption" drinks had bounced back beyond pre-pandemic levels, as the firm said sales to bars and restaurants had continued to recover.
The Hemel Hempsteadheadquartered 7Up producer said its price increases at the start of the year had only partially offset inflation, as it warned "geopolitical uncertainty" was likely to hit consumer spending.
Founded in Chelmsford in 1845,
(c) 2022 City A.M., source