https://www.proactiveinvestors.co.uk/companies/news/915419/kingfisher-fevertree-and-united-utilities21 Mar 2020 20:12
Fevertree and AG Barr may lose some fizz
Fevertree Drinks PLC’s (LON:FEVR) finals on Tuesday may be a bearer of bad news as the hospitality sector has taken some of the hardest hits from the coronavirus outbreak.
The AIM-listed firm already predicted lower revenue in the US in the new financial year, as it planned to make heavier investments to build market share, but with many cities on lockdown it may get even worse.
The posh mixers maker disappointed investors with a profit warning in January due to softer trading across its markets, with the UK being especially weak.