Bulmer's maker C&C post 'resilient' half year earnings, but 'challenges' threaten growth

In its latest earnings update, the company posted profits of €55m, up from €15.5m in H1 2021, reflecting the resumption of pre-Covid levels of trading,

Davy Stockbrokers lowered its FY 2024 EBIT forecast for C&C from €122m to €104m, due to the uncertainty around the UK consumer and economy.

Bulmers maker C&C expressed concerns that increases in interest rates to counter inflation may dampen consumer spending, as the company posts “resilient” half year results.

In its latest earnings report, the company posted profits of €55m, up from €15.5m in 2021, reflecting the resumption of pre-Covid levels of trading, however the company is concerned about the impact new headwinds will have on its business for the rest of the year.