Brokers go flat on Fevertree as profit warning raises growth fears
In a note downgrading the posh tonic maker to 'neutral' from 'overweight', analysts at JP Morgan said Monday's earning alert raised "fundamental concerns" around the investment case
Company
Fevertree Drinks
LON:FEVR
Fever-Tree is the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to approximately 50 countries internationally. Based in the UK, the brand was launched in 2005 by Charles Rolls and Tim Warrillow to provide high quality, natural mixers which could accompany the growing demand for premium spirits. The Group now sells a range of 12 differentiated flavours to hotels, restaurants, bars and cafes ("On Trade") as well as supermarkets and off-licenses for retail purchase ("Off Trade"). Approximately 70 per cent. of the Group's sales were derived from outside of the UK in FY13 with the key overseas markets being the US, Spain, and Belgium.
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Fevertree Drinks warns on profits, more costs lie ahead
Christmas was challenging with the UK described as subdued
Fevertree's international expansion still palatable despite profit warning
Analysts at Liberum said “the UK simply is not as important on a ten-year view” in comparison to international markets where “the opportunity is huge”
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That company you once regarded as a tiddler that would struggle to make it in the internet age is now a billion-pound company
Fevertree sell-off is 'overdone and misplaced', says ShoreCap
The broker expects an acceleration in growth across the US and Europe in the second half, which should reassure investors of the medium-term story
Fevertree blames massive growth slowdown on the Great British weather
The cooler summer weather so far means people are sipping fewer G&Ts than they were this time last year
Investments and investor services
Fevertree Drinks warns it will be tricky to top last year’s summer performance
Sales of Fevertree’s fancy mixers boomed during last summer’s heatwave, which makes this year’s comparatives a bit tougher
A tale of two margins: How the UK’s sugar tax affected Fevertree and AG Barr
The levy, which came into effect on 5 April 2018, aimed to cut down on childhood obesity rates in the UK by upping the price on drinks with high sugar content
Fevertree Drinks rediscovers its fizz after initial post-results dip
Fevertree will be expected to deliver some serious sales growth across the pond in 2019 given that it recently opened its first office in New York and signed a key distribution deal
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FTSE 100 closes higher as global growth fears ease, but Carnival shares sink
The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
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Fizzy drinks on the table as Fevertree Drinks and AG Barr both provide updates
Aside from the fizzy drinks firms, the Day Ahead will also bring updates from plumbing and heating products supplier Ferguson and North West Water firm United Utilities
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Brexit date arrives but March 29 to be a damp squib although parliamentary vote might not be
Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
Fevertree shares pop higher as tonic maker resumes normal service
“Reflecting the continued strong performance in the second half, the board expects that the outcome for the full year will be comfortably ahead of the board's expectations”
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818
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Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
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FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Blue-chip analysts tell investors to plough into Fevertree after recent sell-off
Jefferies still has its uber-bullish 4,300p price target in place, despite a sell-off, which has seen shares almost halve over the past three months
Deutsche Bank expects Fevertree’s growth to lose its fizz in coming years
“After 4 years of c60% sales and 70% EBIT CAGR (2014-18e), we expect the pace of growth to slow over the medium term”