Finance
UK's Fevertree beats annual profit expectations
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Fevertree Drinks exceeded profit expectations due to non-alcoholic drink demand. The company anticipates a transition year in 2025 for its US business.
(Reuters) -Fevertree Drinks reported annual profit a touch above market expectations on Tuesday, as the tonic maker capitalised on growing demand for non-alcoholic drinks, but said it expects a "transition year" in 2025 for its U.S. business.
UK-based Fevertree, known for its cocktail mixers, tonic water, ginger beers and flavoured sodas, reported an adjusted core profit of 50.7 million pounds ($65.49 million) for 2024.
That was slightly above analysts' expectations of 50.6 million pounds, as per a company-compiled poll.
The company, which counts the United States as its largest revenue contributor, recently sold an 8.5% stake to U.S.-based beer giant Molson Coors.
Fevertree said it took a 5 million pound charge related to the transition to the Molson Coors partnership. ($1 = 0.7742 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)
The article discusses Fevertree Drinks surpassing annual profit expectations and its upcoming US business transition.
Fevertree reported an adjusted core profit of 50.7 million pounds, slightly above market expectations.
Fevertree sold an 8.5% stake to Molson Coors and incurred a 5 million pound charge related to this partnership.
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