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Fevertree Drinks PLC on Thursday highlighted broad-based growth as it reiterated guidance for the full-year. ‘The brand has continued to drive market share gains across its regions and deliver topline growth in the year to date. We look forward to our key summer trading period, which will include a range of marketing initiatives and activations, and remain comfortable with full year expectations,’ the company said in a statement. Shares in Fevertree Drinks rose 3.1% to 1,116.00 pence each in London on Thursday morning. The London-based producer of premium drink mixers was updating investors on trading ahead of Thursday’s annual general meeting. In the UK, Fevertree said it has strengthened its category leading position, driven by the performance of its broad portfolio, with cocktail mixers gaining popularity. In the US, Fevertree said it continues to be the biggest contributor to growth within the carbonated mixer category at retail. The company has extended its number one position in the Tonic and Ginger Beer categories, it said. In Europe, Fevertree is seeing good underlying momentum, notably in Italy, France and Denmark. In the Rest of the World region, the company expects to deliver strong growth in financial 2024 following the set-up of the new subsidiary model in Australia. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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