Fevertree Drinks Stock News

European soft drinks value growth slowed to 4.6% in the four weeks to 6 September from 12.0% previously, as volume growth moderated sharply, Jefferies said. Volume growth eased to 1.4% from 9.2%, while price and mix contributions increased to 3.2% from 2.8%, with the broker pointing to favourable weather as support.

Fevertree Drinks (AIM:FEVR) has retained the backing of Jefferies, which kept its 'buy' recommendation and 1,100p price target after first-half results pointed to stronger US momentum and improving earnings prospects. The broker viewed the results as early evidence that of the Group's partnership with Molson Coors is beginning to deliver, with US revenue growth reaching 11% at constant currency...

Fevertree Drinks (AIM: FEVR) delivered stronger first-half earnings as US sales accelerated under its Molson Coors partnership and the UK business returned to growth. Adjusted Fever-Tree brand revenue increased 8% at constant currency to £183.6 million in the six months to 30 June, while adjusted EBITDA rose 9% to £20.1 million.