Things to watch for in Fevertree’s interims next week (Tuesday 12 Sep) include the US consumer and environment (changes to elasticities and normalisation of spirits consumption), channel mix (especially in the UK) and the outlook for glass and freight, says Swiss bank UBS.
In May, Fevertree reiterated financial guidance as record trading in the UK helped deliver a good start to the financial year.
The posh tonic maker said: "We are confident that the brand will continue to deliver strong revenue growth as we start our key summer trading period and therefore reiterate our top-line guidance range as set out in March at £390mln to £405mln.”
The firm said inflationary cost pressures remain elevated but it expects to mitigate these and drive margin improvements, meaning “we're on track to deliver EBITDA in line with our guidance range of £36mln to £42mln for 2023”.