Soft drinks maker Britvic has regained some fizz as at-home sales remain resilient and, like other beverages plays, it has seen a boost as out-of-home sales return.
Both its own range of brands, and those like Pepsi and 7UP which it manages on behalf of American giant PepsiCo, have been in demand as people buy cans and bottles to consume on the go or reach for non-alcoholic options when dining out or socialising at pubs and bars.
โThe company struck a confident tone on managing the cost pressures and supply chain issues which are afflicting businesses across the globe and it was notable to see a significant hike in the dividend, albeit from last yearโs depressed level,” said AJ Bell’s Russ Mould.
โBritvic is getting round these challenges by being smart around pricing, keeping a lid on costs and having an efficient supply chain.
โInvestors are likely to find it refreshing if it can deliver further progress on revenue, profit and margins in 2022 as promised.
โThe company is also looking to a future in which plant-based drinks might become more popular as people look to avoid not just meat and dairy but also oils and processed ingredients. The recently acquired Plenish business is set for a big brand relaunch next year.โ
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