Bad weather, increased competition and a lack of promotions hit sales at Irn-bru maker AG Barr (LON:BAG).
In the six months to 25 June, the soft drinks expert said revenue will be around £128mln, 5% lower than last year’s first half sales (£135mln).
Sales fell 3.5% when accounting for the losses its Orangina and Findlays brands, which Barr spun-off last year.
“Market conditions have remained competitive” the company said, adding that as a result, soft drinks prices across the board were dropping.
The company blamed bad weather in Scotland and the north of England and a cutting of first half promotional activity compared to 2014, last year it sponsored the Glasgow 2014 Commonwealth Games, for the drop in sales.
Barr expects the market to remain competitive but said its performance will be more weighted to the second half.