UK's Fevertree H1 revenue rises, backs 2026 outlook
UK's Fevertree H1 revenue rises, backs 2026 outlook
Overview
UK premium mixer maker's H1 revenue rose 7% and adjusted EBITDA grew 9% yr/yr
Diluted EPS for H1 increased 38% yr/yr
Outlook
Fevertree says FY26 expectations remain unchanged and in line with market expectations
Company says it is well hedged for glass and aluminum costs for 2026
Fevertree expects continued margin improvement and operational efficiencies over the medium term
Result Drivers
US PARTNERSHIP & MARKETING - Revenue growth in the US was driven by the Molson Coors partnership, expanded marketing campaigns, and improved distribution, though profitability was affected by increased marketing investment
UK OFF-TRADE & WEATHER - UK growth was supported by strong Off-Trade performance, market share gains, and favourable summer weather, with new marketing campaigns boosting sales of Ginger Beer and Mexican Lime Soda
PRODUCT DIVERSIFICATION - Growth was driven by expanding the product portfolio beyond tonic, with Ginger Beer, Pink Grapefruit, and Mexican Lime Soda contributing significantly to sales across multiple regions
Company press release: ID:nRSJ1257Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 ADJUSTED Revenue |
| GBP 184.20 mln |
|
H1 EPS |
| GBP 0.09 |
|
H1 Adjusted EBITDA |
| GBP 20.10 mln |
|
H1 Adjusted EBITDA Margin |
| 10.90% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the distillers & wineries peer group is "buy."
Wall Street's median 12-month price target for Fevertree Drinks PLC is GBp887.50, about 8.6% above its September 9 closing price of GBp817.50
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)