The drinks firm behind Magners and Tennent’s said it has seen “some consumer caution” as shoppers tighten their purse-strings ahead of the Budget.
It came as C&C Group revealed lower sales for the past half-year as poor summer weather hit demand for cider.
Shares in the company slipped on Tuesday morning as a result.
Nevertheless, the Dublin-based business delivered stronger profits and said it is on track with performance targets amid efforts from the new management to revitalise the business.
Former Marston’s boss Ralph Findlay became chief executive officer in June, in addition to his role as chairman, when Patrick McMahon stepped down from the top job after overseeing accounting errors which cost the company millions of pounds.
Mr Findlay said he is “pleased” with the latest performance despite “unfavourable summer weather”.
C&C revealed that net revenues declined by 2 per cent to €861.4 million euros for the half-year to…
If you find this site helpful, share it with your friends!