Bulmers maker C&C predicts rise in profit but is cautious of spending 'slowdown'

Bulmers maker C&C expects to achieve operating profit in the range of €52m to €55m.

Bulmers maker C&C said inflation and discretionary spending led to slowdown in on-trade momentum during Q2.

The drinks maker said growth was strong at the start of the year, due to the lifting of Covid-19 restrictions, before consumers were hit with new economic headwinds such as inflation.