Fevertree Drinks Soars on Full-Year Growth Forecast
- Company trades at record high after reporting 1H results
- Analyst: U.S. expansion will be affected by dispenser guns
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Fevertree Drinks Plc shares leaped on enthusiasm about the soft-drink company’s U.S. expansion, as drinkers spend more money on upscale tonic waters and colas.
“Given the strong performance in the first half of the year, the board anticipates that the outcome for the full year will be comfortably ahead of its expectations,” Chief Executive Officer Tim Warrillow said in a statement Tuesday.