Tue. Sep 29th, 2020

Fever-Tree mixes revenue warning with US expansion cheer

Premium tonic water and mixer maker lowers forecast after slowdown in UK retail sales

The drinks company Fever-Tree has said a slowdown in consumer spending has hit UK retail sales of its popular mixers.

The premium tonic water and mixer maker lowered its forecast of global sales this year to £266m to £268m, about 13% year-on-year growth. Analysts had been forecasting sales of about £272m to £275m.

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