C&C says on track to deliver profit growth but some markets challenging
BULMERS maker C&C said today that it's "on track to deliver mid-single digit operating profit growth in the full year."
However, the drinks company added that its US performance from March to June was weak but broadly in line with internal expectations.
The company's performance in the same period was "solid" in Ireland and Scotland, it said.
It added that the trading environment for cider in the England and Wales was still challenging.
"C&C believes that the fundamentals of its core markets and its position within those markets support continued earnings growth. For the current financial year, C&C remains on track to deliver its financial objective of mid-single digit operating profit growth," the company said in a statement.