Britvic brings back festive favourites ahead of Christmas |
Did well to be +6.5p on the week.....Captal Markets Day next wednesday. |
UK Nielsen (carbonates) data for the 4 weeks to 8 September shows continued good growth momentum, both for Britvic's own and Pepsi portfolio. GB Carbs account for c41% of group revenue and 46% of profits.
Britvic's own brand portfolio (7% of GB carb revenue per Nielsen) delivered +38.1% volume and +30.2% value growth in the last 4wks (52 wks volume +18.8% and value +17.6%) and the license Pepsi portfolio +16.6% volume and +11.4% value (52 wks +1.2% volume and +8.4% value). |
Captal Markets Day wednesday |
Liberum initiating coverage with BUY and tp 1050p |
Jefferies upgrading to 'buy' .... tp 1000p up from 880p |
Fruit Shoot Launches Limited-Edition Christmas Variant |
UBS reiterates 'buy' |
Totally forgot the update was due :-)
....Drinks maker Britvic lost 0.3% as it reported a fall in third-quarter revenue amid a more challenged performance in France and Ireland.
Stockmarketwire. |
Better statement than sector peers |
Just like the recent BAG update , FEVR has come out with the "unseasonably poor weather in the UK" ... shares -5% at present. |
Britvic has hired two PR agencies for new briefs, with Tin Man becoming brand PR agency for J2O and Cirkle awarded the soft drinks firm's first ever consumer press office retainer. |
The share price here hasn't looked good since we hit repeated tops during spring. Would not be surprised to see a fallback to around the 825p level where support should start to build. |
Seems so. Note from RBC mentions Britvic, courtesy of FT Markets Live:
"Given Britvic’s significant exposure to the UK soft drinks market (60% of sales) we think this is a negative readacross. We expect Britvic to be similarly impacted by poor weather, tough comparatives (predominantly in GB Stills) and weak trading in the impulse category (a direct impact of poor weather in our opinion) although not
necessarily the brand specific issues that AG Barr refer to. We note that comparatives are easier in GB Carbonates given the CO2 shortage last year."
Valuation here doesn't look quite as stretched as BAG was so hopefully any bad news won't be met with quite as negative a reaction, but who knows. |
Read across from BAG profit warning ? |
Britvic is to spend GBP3m (US$3.7m) on a UK campaign for PepsiCo's Lipton Ice Tea to help boost sales during the summer selling season. |
Nice divi into the account this morning :-) |
A pledge by Boris Johnson to launch a review into the so-called sin taxes on products high in salt, fat and sugar if he wins the contest for leader are likely to boost shares in UK drinks makers, ABFoods, Fevertree, AG Barr and Britvic. Some dealers see the shares rising as he would look into whether or not the levies "unfairly hit those on lower incomes" even amid pressure to put taxes on high salt and fat content. |
Product recall: Robinsons Fruit Shoot potential choking hazard |
Britvic refreshes Sensational Drinks programme |
‘Wholesale is of critical importance’ – Ian Patefield of Britvic
Ian Patefield (pictured), the newly appointed GB wholesale director at Britvic, talks about the company’s new division covering convenience, catering and licensed trade. |
HSBC RESUMES BRITVIC WITH 'HOLD' - TARGET 950 PENCE |
5th june Berenberg 'buy' tp 1000p up from 950p |
BARCLAYS RAISES BRITVIC PRICE TARGET TO 1000 (960) PENCE - 'EQUAL WEIGHT' |
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