Fevertree's Market Value Even More Exotic Than Its Fizzy Tonics
- First-half sales rise 77% and full-year seen beating estimates
- Shares rise as much as 22.4 percent to record in London
Fevertree Ltd. bespoke tonic water drinks
Source: Fevertree LtdThis article is for subscribers only.
Fevertree Drinks Plc’s winning formula goes like this: 40 workers, a dozen soft-drink flavors in small bottles and a market value reminiscent of the bygone dot-com boom.
Investors can’t get enough of it, and the stock shot up as much as 24 percent after the seller of high-end tonic water made from Congolese quinine reported earnings that beat analyst estimates and said full-year results will be “materially” ahead of expectations. The shares have soared 87 percent this year, making Fevertree one of the half-dozen best performers among the 100 largest stocks on the FTSE AIM 100 Index.