Fevertree Drinks reaffirms annual forecast, predicting increased demand for mixers in UK, US, and Australia, aiming to double core profit.
Fevertree Drinks, a British tonic maker, reaffirms its annual forecast for the year ahead, expecting increased demand for cocktails with its mixers. The company has observed strong demand for its mixers for spirits like rum, vodka, and others in the UK and the US, and is anticipating further expansion in its Australian subsidiary. The company aims to double its core profit this year with a profit margin of about 15%.
June 06, 2024
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