Nielson8 Oct 2018 22:47
Fevertree Drinks hit a three-month low after industry data suggested sales growth had slowed in the UK, which provides more than half the tonic water maker’s revenue.
Nielsen reported on Friday that Fevertree’s off-trade sales growth was just 37.7 per cent in the four weeks to early September, compared with 75.2 per cent growth in the previous four weeks. Jefferies, repeating “buy” advice, said the sharpness of the slowdown may reflect “a degree of normalisation” for the industry “after a particularly warm July” so was probably not the start of a trend.