- Margins contract as costs grow
- Strong soft drink performance but cocktails growth slows
Consumers are cutting back on cocktails, but are drinking more soft drinks and oat milk. At least that is the picture presented by AG Barr’s (BAG) half-year results. The Irn-Bru maker saw revenue rise, but earnings per share slip fractionally as rising costs and the loss of capital allowance tax cuts dragged on profits.