Fever-Tree shipments heat up despite mix of logistics challenges

Consumer Staples 736 Earnings 668 Quote Watch 439 U.S. 5211

Beverages maker Fever-Tree reported H2’21 revenue growth of 36.1% year over year including a 32.2% rise in sales to the U.S. as bars reopen after the pandemic. The firm’s profits have been hurt by “significantly elevated costs resulting from the disruption currently impacting global logistics”. The firm’s U.S. seaborne imports are dominated by three ports, led by New York which accounted for 46.2% of shipments in Q2’21, and are handled almost exclusively by freight forwarder K+N. The firm expects “logistic cost headwinds will continue alongside input cost increases on raw materials and p...

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