November 20, 2019 / 7:38 AM / 22 days ago

Fevertree Drinks warns on hit from UK consumer spending

Nov 20 (Reuters) - Premium tonic water maker Fevertree Drinks Plc said on Wednesday it was still being hurt by slack consumer spending in Britain, even as other regions, especially the United States, were performing well.

The company now expects revenue of 266 million pounds ($343.51 million) to 268 million pounds for the year ending Dec. 31.

Before Wednesday’s announcement, analysts on average were expecting annual revenue of about 272 million pounds, according to IBES data from Refinitiv. ($1 = 0.7744 pounds) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

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