Britvic reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Britvic announced earnings per share of £0.15 on revenue of £698.8M. Analysts polled by anticipated EPS of £19.20 on revenue of £706.75M.
Britvic shares are down 15% from the beginning of the year , still down 29.24% from its 52 week high of £1,079.00 set on October 17, 2019. They are outperforming the STOXX 600 which is down 16.09% year to date.
Britvic follows other major Consumer/Non-Cyclical sector earnings this month
Britvic's report follows an earnings missed by Imperial Brands on May 19, who reported EPS of £0.55 on revenue of £14.67B, compared to forecasts EPS of £103.05 on revenue of £5,889M.
Tate&Lyle had missed expectations on May 21 with fourth quarter EPS of £0.24 on revenue of £1.41B, compared to forecast for EPS of £23.11 on revenue of £1,376M.
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