Share Prices & Company Research

Market News

20 Nov 2019 | 09:45

Fever-Tree warns on revenue amid slowdown in off-trade business

Carbonated mixers supplier Fever-Tree warned on revenue following weakness in its UK off-trade retail business amid a slowdown in consumer spending.

Fever-Tree said it now expected to report revenue for the full year ending 31 December 2019 in the range of £266m to £268m, representing year-on-year growth of 12% to 13%.

'In the UK off-trade, our performance has been behind our expectations in the second half as we continued to lap very tough comparators in July and August and more recently seen a slowdown in consumer spending, as reflected in the wider retail data,' the company said.

The weakness in its UK off-trade business offset ongoing growth in on-trade and stronger performance in its US business.

UK on-trade, which accounted for half of the total UK revenue, had continued to perform well in the second half, Fever-Tree said.

Following considerable progress seen in the second half, the US business was now expected to deliver growth of 34%, ahead of management's previous expectations, Fever-Tree added.

In Europe and rest of the world, meanwhile, the company forecast revenue growth of about 19% and about 35%, respectively.

At 9:45am: (LON:FEVR) Fevertree Drinks Plc share price was +148p at 2006.5p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.