Britvic PLC said Friday that revenue for the first quarter of fiscal 2020 increased and that it expects to meet guidance for the whole year.
The soft-drinks company BVIC, +4.45% , which houses the Fruit Shoot, Robinsons, J2O and Tango brands among its portfolio, said that revenue for the quarter ended Dec. 31 rose 4.9% to 369.8 million pounds ($482.6 million).
It added that the quarterly results benefited from the inclusion of additional trading days in the period, following the company’s recent move to monthly accounting. On a comparable days and constant currency basis, revenue was still up 2.6%.
“While we anticipate conditions will remain challenging, we are confident of achieving market expectations for the year,” Chief Executive Simon Litherland said.
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January 31, 2020 at 02:20PM
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Britvic confident of matching market views after first-quarter revenue rise - MarketWatch
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