Stock Spirits Takes Hit From On-Trade Closures
Spirits maker Stock Spirits Group has said that restrictions in the on-trade channel impacted its performance in its most recent trading period.
The group issued a trading update for the period from 1 October to 4 February (which includes its first quarter as well as the period leading up to its AGM), which indicated that while its performance in the on-trade has been lower than predicted due to the restrictions, it has managed a steady performance in the off-trade to keep up with overall expectations for full-year 2021.
The group is hopeful that the introduction of a vaccination against COVID-19 will allow for the lifting of restrictions across the market, thereby boosting the group's performance.
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