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The Gin and Tonic Market Is Getting Crowded [Yahoo! Finance News]

Coca-Cola Company (The) (KO) 
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
Opinion) -- The Fever-Tree gin and tonic has lost its fizz. Fevertree Drinks Plc on Monday warned on profits, sending its shares down as much as 26%. The pioneer in high-end cocktail mixers said sales expanded by just 10% last year and earnings fell 5% compared with 2018. That’s a stark contrast to previous statements from the maker of Sicilian lemon tonic water and spiced orange ginger ale, which usually upgraded expectations. Part of the reason for the warning — slow sales in supermarkets — looks plausible. Britain’s grocers endured a sluggish Christmas and New Year’s trading period. The Boris bounce that was supposed to have Brits lifting the glasses after a decisive December election didn’t materialize. What’s more worrying is that the market for bars and clubs suffered over the holidays, too. That’s a concern given that the broader sector for eating and drinking out had a solid Christmas, according to industry data from the Coffer Peach Business Tracker. There was also unwelcome Show less Read more
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