Food and Drink
Bulmers owner expects cost of living crisis will significantly hit its profits
The firm said consumer demand has been affected by inflation and rail strikes in the UK
C&C group, the company behind Bulmers cider, has lowered its profit forecast for the year due to the effects of inflation.
In a trading update this morning, the firm said it expects a “significant impact from the continuing cost of living pressures facing consumers”.
Analysts had recently estimated the company would record operating profits of approximately €95 million for its 2023 financial year, which runs to the end of February.
In its update today, the ...
