Global Economic Uncertainty & Geopolitical Tensions: The ongoing Iran war and broader global economic uncertainty are leading investors to favor defensive consumer staple stocks like A.G. Barr, which are perceived as more stable during turbulent times.

Inflationary Pressures & Input Costs: Geopolitical tensions and supply chain disruptions can lead to higher input costs, particularly for energy and logistics, potentially impacting A.G. Barr's operating margins.

Consumer Trends in Beverages: Shifting consumer preferences towards healthier options, plant-based milks, and energy drinks continue to influence the beverage sector. A.G. Barr's diversified portfolio with brands like Rubicon and Moma (plant-based) helps it adapt to these trends.