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City snapshot: FeverTree boosted by rise of at home cocktail consumption


By Alec Mattinson2021-05-20T08:02:00+01:00
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Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world.
Ahead of its AGM this morning, FeverTree said its off-trade performance has remained strong in the first four months of the year and that “it is clear that at-home consumption of long mixed drinks is becoming increasingly established”.
In the UK its off-trade sales in the 13 weeks ending 18 April were up 10.1% year-on-year, despite lapping the effects of stockpiling seen at the beginning of the first lockdown in March 2020. ....

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