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Fever-Tree set to beat profit targets amid boost from alcohol moderation
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The Independent
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Read our Privacy noticeFever-Tree is set for stronger-than-expected profits after sales of its soft drinks were buoyed by consumers reducing their alcohol consumption.
Boss Tim Warrillow said the business, known for its tonics, is “well placed to take advantage of consumer trends towards moderation”.
This was supported by “increasing momentum” from its premium soft drinks, away from its core tonics.
Fever-Tree said it is now on track for revenues and adjusted earnings “marginally ahead of current market expectations”.