Investing.com - Britvic (LON:BVIC) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Britvic announced earnings per share of £0.17 on revenue of £719.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of £17.90 on revenue of £325M.
Britvic shares are down 8% from the beginning of the year and are trading at £843.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.01% from the start of the year.
Britvic follows other major Consumer Staples sector earnings this month
Britvic's report follows an earnings missed by Imperial Brands on Tuesday, who reported EPS of £1.05 on revenue of £15.36B, compared to forecasts EPS of £102.98 on revenue of £3,993M.
Associated British Foods had beat expectations on April 26 with second quarter EPS of £63.8 on revenue of £7,882M, compared to forecast for EPS of £36.81 on revenue of £7,831M.
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