{"id":41631,"date":"2022-09-27T15:33:42","date_gmt":"2022-09-27T15:33:42","guid":{"rendered":"https:\/\/www.grocerygazette.co.uk\/?p=41631"},"modified":"2022-09-28T08:37:44","modified_gmt":"2022-09-28T08:37:44","slug":"ag-barr-faces-cost-inflation","status":"publish","type":"post","link":"https:\/\/www.grocerygazette.co.uk\/2022\/09\/27\/ag-barr-faces-cost-inflation\/","title":{"rendered":"Irn Bru producer AG Barr sees \u2018momentum\u2019 as drinks firm faces soaring cost inflation"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nThe boss of Irn Bru manufacturer AG Barr said it has seen &#8220;strong momentum&#8221; over the past six months but is still facing rising pressure from price inflation and production costs.<\/p>\n<p><a href=\"https:\/\/www.agbarr.co.uk\/\" target=\"_blank\" rel=\"noopener\">The Scottish drinks firm <\/a>said that rising CO2 prices, commodities and weakness in the pound are to blame for the current cost struggles.<\/p>\n<p>AG Barr highlighted that revenues increased by 16.7% to \u00a3157.9 million over the six months to July 31.<\/p>\n<p>Meanwhile, statutory pre-tax profits increased by 1.2% to \u00a324.7 million, compared with the same period last year.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.grocerygazette.co.uk\/subscribe-to-newsletter\/?utm_source=Article&amp;utm_medium=InStLink\" data-ol-has-click-handler=\"\"><strong>For the latest grocery news directly into your inbox,<br \/>\nsign up to Grocery Gazette\u2019s free daily newsletter here<\/strong><\/a><\/p>\n<p>\u201cWe\u2019re still seeing cost inflation, although the pressure on certain commodities, like aluminium, has somewhat receded,\u201d chief executive of AG Barr, Roger White said.<\/p>\n<p>\u201cCarbon dioxide is something that has seen inflation but we have not had any issues regarding supply.<\/p>\n<p>\u201cWe\u2019ve been able to hold our prices, which is positive, and have been able to positively offset a lot of increases we are seeing through the supply chain.\u201d<\/p>\n<p>Mr White stressed that cost control and sales growth has allowed the company to protect profit margins.<\/p>\n<p>\u201cWe made a very strong start to the year and continue to see good momentum across our business and brands.<\/p>\n<p>\u201cThat said, the UK\u2019s high level of inflation has accelerated across the summer and is creating a well-documented cost-of-living crisis for many consumers, alongside increasing challenges for industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The boss of Irn Bru manufacturer AG Barr said it has seen &#8220;strong momentum&#8221; over the past six months but is still facing rising pressure from price inflation and production costs.<\/p>\n","protected":false},"author":50,"featured_media":41644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3926,1,4869],"tags":[6235,10946,7643,1757,4059,816,5234,6234,8470,83,6236,1634],"_links":{"self":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41631"}],"collection":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/comments?post=41631"}],"version-history":[{"count":9,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41631\/revisions"}],"predecessor-version":[{"id":41647,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41631\/revisions\/41647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media\/41644"}],"wp:attachment":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media?parent=41631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/categories?post=41631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/tags?post=41631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}