That’s the tonic! Board shakeup at Fever Tree after revenue spike Fever Tree Upmarket tonic maker Fever Tree is confident that a summer full of G&Ts will help continue to strengthen its balance sheet, as the group forecast revenues to reach upwards of £390m this year. Ahead of its AGM today, the drinks maker told investors that Fever-Tree recorded its highest ever value share in the On-Trade during [...]
Fever-Tree: Boss blames ‘vagaries’ of British summer for lower profit expectations Retail Fever Tree said it had been battered by Britain's unpredictable weather, as a wash out summer led it to cut annual profit expectations.
The imperfect tonic: Fever-Tree to raise prices amid soaring cost inflation Fever-Tree Up market tonic maker Fever-Tree has revealed plans to hike its prices, as it continues to navigate a surge in production costs. The company said made a loss in earnings for the year with revenues down 0.2 per cent to £116.2m from £118.3m the prior year. The London-listed adult drinks company said it felt the financial [...]
Fever-Tree names new chair to head tonic water titan December 12, 2022 Fever-Tree has appointed Domenic De Lorenzo to chair the tonic water giant. De Lorenzo, will step into the role after the London-listed beverage maker’s annual general meeting in May 2023. He is set to take up the reins from Bill Ronald, who was appointed as chair in 2013 and oversaw the company’s stock market listing [...]
Fever Tree profit margins impacted by shipping and inflationary pressures September 13, 2022 Fever Tree has said price increases on its soft drinks only partially helped to off-set cost pressures caused by heightened shipping costs. The tonic-water seller said its gross margins had been hit by “inflationary cost pressures and continued exposure to elevated Trans-Atlantic freight costs,” in interim results published on Tuesday. A gross margin of 37.4 [...]
Government sends Fever-Tree mixers and a cricket shirt down under to celebrate post-Brexit trade deal May 31, 2023 The UK’s trade deals with Australia and New Zealand came into force at midnight, with special shipments of British goods such as signed Beano comics among the first to be sent under the new arrangements. The agreements are the first trade deals negotiated post-Brexit to enter into force and come after the UK, Australia and [...]
Fever-Tree boss snaps up £1m worth of shares as tonic maker slashes profit guidance July 17, 2022 The boss behind tonic-maker Fever-Tree has coughed up more than £1m on shares after the firm suffered a huge blow last week. A concerning profit warning meant the London-listed company’s stock crashed by some 26 per cent late last week. Now, chief executive Tim Warrillow has bought 115,000 shares at 870.8p each while Fever-Tree’s chairman [...]
Soft drink giant Fever Tree highlights short term cost ‘uncertainty’ amid war in Ukraine March 16, 2022 Beverage maker Fever Tree has said Russia’s invasion of Ukraine has caused “significant uncertainty” for short term costs. Tim Warrillow, co-founder and CEO of Fever-Tree, said the war in Ukraine had “resulted in significant uncertainty in relation to our input costs in the short term.” UK revenue leaped 15 per cent in full year results [...]
Fever-Tree doubles European sales in H1 2021 September 15, 2021 Fever-Tree has published a strong set of financials for the first half of the year with the company’s European revenue growing by 102 per cent. Total revenue surged by 36 per cent to £141.8m in H1 2021, up from £104.2m in 2020. The European market saw the strongest growth with intake doubling from £20.5m to [...]
Mixer company Fever-Tree enjoys sales bump as lockdown drinks continue May 20, 2021 Beverage company Fever-Tree has seen a 10.1 per cent year-on-year sales bump as people continue to indulge in more alcoholic drinks throughout lockdown measures. Fever-Tree, which sells carbonated mixers, enjoyed a sales boost in the first four months of the year ending 18 April, thanks to strong levels of ‘at-home consumption’, the group said. Demand [...]