US market is fizzing for Fever-Tree
The premium mixer group reported interim results with a little bit of everything, as you discover in our assessment of the results here. (Free to read)
Revenue for the 6 months ending 30 June rose 9% to £175.6m, with particularly strong growth in the US where revenues rose 40% to £56.1m, now making it the Group’s largest market. Fevertree is shaping up to be a rare UK success in the world’s largest market, where it extended its number one position in the Tonic Water and Ginger Beer categories. Despite only 1% revenue growth in the UK to £53.8m, they still ended the first half with their highest ever value share of 45%, over 50% higher than their nearest competitor, Schweppes. Gross profit fell 10.4% to £53.8m with…