Earnings call transcript: A.G. Barr posts steady H1 2026 as supply issues ease

A.G. Barr announced steady first-half 2026/2027 earnings, driven by an 8.5% rise in revenue to GBP 247.4 million and a 2.6% increase in profit before tax to GBP 36.1 million. Shares held steady at $576, just below its 52-week high. Supply chain disruptions, causing a GBP 10 million dip in sales, were resolved by the second half.

Core brands IRN-BRU, Rubicon, and Boost led growth, with IRN-BRU Zero up 7% and Boost Sport 24%. Fentimans and Frobishers integration is expected to boost overhead synergies in the second half. Despite a 0.35% stock dip, analysts view the results as solid, with management forecasting about 10% year-end revenue growth and GBP 71 million to GBP 72 million profit before tax. Capital expenditure is expected to reach about GBP 40 million for the year.