C&C reports December volumes 64% of 2019’s

Trading conditions for cider, soft drinks and beer manufacturer and distributor C&C's on-trade business last December were "significantly impacted" by the renewed government restrictions across the UK and Ireland according to an update on its trading performance in the period following its Half-Year results, announced earlier on the 28th of October 2021.  

 

C&C reports trading directly with 81% of its usual on-trade outlets against an expectation of 90% last December, the key Festive trading period compared to the same pre-pandemic period in 2019, thus delivering 64% of normal volume against an expectation of 90%. Nevertheless, while December’s performance was consequently behind expectations, the Group generated a modest profit for the month.

The operating profit outcome for the second half of C&C’s current financial year period – and thus the full year – will be affected by the nature, extent and duration of government restrictions. Consequently, C&C will provide an updated operating profit range in its full-year pre-close trading statement in March.