More

    Sales up by 37 per cent at Juice Burst maker Purity Soft Drinks

    Purity Soft Drinks, maker of Juice Burst, reported an exceptional year with business delivering a sales growth of 37 per cent, driven by both greater distribution and rate of sale.

    The business and its brands have performed strongly in what it said has been, and continues to be, a volatile and extremely demanding market. Against this backdrop, the business said it has made positive and material progress as measured against every single one of its key performance indicators.

    Group sales in the year to 31 March 2023 grew 37 per cent, to £27m, driven by a combination of new business growth, extended distribution points with existing customers, and rate of sale on both brand ranges, Juice Burst and Firefly.

    Pre-tax profits rose from £1.6m in the prior year, to £3.2m. Margins were broadly in line at 38.7% (FY22: 38.5%) as the business mitigated inflationary headwinds through a combination of measures such as cost savings, greater efficiencies and some selling-price increases. Central overheads, as a percentage of turnover, reduced materially, from 23.2 per cent to 20.2 per cent.

    “We are delighted to share these numbers, which capture a transformational period for the business and its brands,” Sarah Baldwin, chief executive, said.

    “Juice Burst in particular continues to outperform, gaining significant market share, through both greater distribution and rate of sale. Our performance, we believe, is thanks to a very clear and unrelenting focus on producing very high-quality juice, made with natural ingredients and at a compelling price point.”

    Sales up by 37 per cent at Juice Burst maker Purity Soft Drinks

    The Purity Soft Drinks portfolio has significantly outperformed the category in the latest 12 months, delivering 33.4 per cent in value growth. The business is the fastest-growing group in the top 20 soft drink manufacturers in the UK by volume, up 19.4 per cent.

    Juice Burst continues to go from strength to strength. Based on SRV (Suggested Retail Value) it is now a circa £75m brand, having grown by 41.1 per cent in value, in the ‘drink now’ convenience category, in the past 12 months alone.

    Sales up by 37 per cent at Juice Burst maker Purity Soft Drinks

    The business attributed this momentum to ever-increasing distribution, with the brand widely available in supermarkets, convenience and foodservice – including hospitality and education. Juice Burst also performs very well in terms of rate of sale; the brand is landing with consumers due to its compelling value, which gives convenient access to one of our ‘five-a-day’, at a great price-point.

    Latest

    Applications open for Welsh government’s Future Proofing Fund

    The Welsh government has announced the opening of applications...

    Bestway rebrands Best-one as Best-in

    Bestway Wholesale has rebranded its Best-one own-label range as...

    Banks brace for new deal with Post Office over cash access fee 

    Britain's biggest banks are set to get in talks...

    Post Office scandal: Scotland introduces bill to exonerate wrongly convicted sub-postmasters

    A new legislation has been introduced to the Scottish...

    Don't miss

    Applications open for Welsh government’s Future Proofing Fund

    The Welsh government has announced the opening of applications...

    Bestway rebrands Best-one as Best-in

    Bestway Wholesale has rebranded its Best-one own-label range as...

    Banks brace for new deal with Post Office over cash access fee 

    Britain's biggest banks are set to get in talks...

    Post Office scandal: Scotland introduces bill to exonerate wrongly convicted sub-postmasters

    A new legislation has been introduced to the Scottish...

    Allwyn: Operation Guardian will make The National Lottery even safer

    Allwyn, operator of The National Lottery, is today announcing...

    Applications open for Welsh government’s Future Proofing Fund

    The Welsh government has announced the opening of applications for the Future Proofing Fund, designed to support micro, small, and medium businesses in the...

    Bestway rebrands Best-one as Best-in

    Bestway Wholesale has rebranded its Best-one own-label range as Best-in. As announced on Wednesday (15), Bestway's new range has been specially designed for its...

    Banks brace for new deal with Post Office over cash access fee 

    Britain's biggest banks are set to get in talks with the Post Office over a new deal to allow millions of their customers to...