C&C volumes down 3.2% in 9 months

Sales volumes at C&C were down in Ireland, Scotland, England & Wales as well as in the US and Canada in the nine month period to the end of November compared to the same 9-month period the previous year according to the company.

Excluding Gleesons, Irish volumes were down 3.1% with a corresponding decrease of 8.7% in revenues on a constant currency basis.

Similarly Scotland reported a 1.5% decline in volumes for the first three quarters of C&C’s year (excluding Wallaces which the company purchased last March).

In England & Wales, volumes were down 9.5% and values were down 16.3% while volumes were down 19.4% and revenues down 21.3% in the US.

Overall, the company’s sales volumes for the first three quarters were down 3.2% in volume resulting in a 10.0% fall in revenue leading to the company issuing a profit warning recently as trading conditions fell below market expectations in the quarter ending November.

“In Ireland, following solid performance in the first six months of the year, volume (excluding Gleesons) was down 3.4% in the quarter,” stated the company.