Summer Dampens Sales at Cadbury Schweppes

28 September 2004

Cadbury Schweppes has become the latest victim of Europe's poor summer weather as weak sales at its drinks business has caused a downward revision of profit expectations for this year.

The news from the global soft drinks and confectionery giant follows similar tales of woe from Coca-Cola and Unilever and led to a 1.5% slippage in Cadbury shares.

Sales of drinks brands such as Dr Pepper and 7Up were particularly low in France and Spain, although the company's confectionery business performed well, with strong growth following the relaunch of the Dairy Milk chocolate range.

Cadbury reported a first-half profits rise of 2% and claims to be 'cautiously optimistic' about full-year returns.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff