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Drinks

Britvic Revenue Falls 16.3% Due To COVID-19 Crisis

By Dave Simpson

British soft drinks maker Britvic has posted lower third-quarter revenue, as fewer people drank its beverages in public places due to coronavirus-induced lockdowns.

Previous Forecast Maintained

The company also maintained its previous forecast of a monthly hit to profit from the virus outbreak.

Full Market Impact Of Lockdown

Britvic, the brands of which include Tango, J2O, Fruit Shoot and Teisseire, said that its revenue fell 16.3% to £328.9 million for the three months that ended on June 30, adding that the quarter showed the full market impact of the lockdown.

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News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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