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Tonic maker Fevertree cuts profit forecast as cost pressures increase
2022.07.15 09:58
FILE PHOTO: Products from the drinks company Fever Tree are displayed in London, Britain May 11, 2016. REUTERS/Neil Hall
(Reuters) – Tonic maker Fevertree lowered its annual profit forecast on Friday, signalling a hit from cost pressures and logistical issues.
The company now expects full-year operating profit to be in the range of 37.5 million pounds to 45 million pounds ($44.33 million – $53.19 million), down from its earlier forecast of between 63 million pounds and 66 million pounds.
($1 = 0.8460 pounds)
