Fever Tree Needs Hotter U.S. Gin Market For Growth To Continue — Panjiva
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Fever Tree Needs Hotter U.S. Gin Market For Growth To Continue

Cons. Staples - Food/Beverages 397 Earnings 365 U.S. 3306

Beverages manufacturer Fever Tree provided revenue growth guidance for 2018 of 39% year over year, outstripping analysts’ estimates of 34%. The firm’s activities in the U.S. saw a 47.2% rise in the company’s seaborne shipments to the U.S. in 4Q 2018 compared to a year earlier. Further growth may require increased demand for gin in the U.S. Imports of gin fell 22.1% in 4Q 2018, perhaps reflecting increased demand for domestically produced spirits. The decline included a 15.8% slide for Bacardi, owner of the Bombay Sapphire brand, while Diageo and Pernod Ricard accelerated their expo...

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