The latest announcement is out from Fevertree Drinks ( (GB:FEVR) ).
Fevertree Drinks PLC reported a 4% revenue growth for FY24, driven by strong performance in the US and an improved gross margin. The company announced a strategic partnership with Molson Coors to enhance its growth in the US, granting Molson Coors exclusive rights for sales, distribution, and production, while Fevertree retains brand control. This partnership aims to leverage Molson Coors’ extensive network to boost Fevertree’s market presence and operational efficiency, marking a significant step in Fevertree’s expansion strategy.
More about Fevertree Drinks
Fevertree Drinks PLC operates in the beverage industry, specializing in premium mixers. The company is known for its tonic water, ginger beer, and other non-tonic products, catering to both alcoholic and non-alcoholic drinking occasions. Fevertree has a strong market presence in the US, UK, and Europe, focusing on expanding its product range and market share.
YTD Price Performance: 14.62%
Average Trading Volume: 7,736
Technical Sentiment Signal: Buy
Current Market Cap: $1.21B
See more insights into FEVR stock on TipRanks’ Stock Analysis page.