Fevertree Drinks
FEVR · AIM · Food, Beverage and Tobacco · mcap £1,019m · 938.0p 3 open situations →
Timeline · every situation
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Insider conviction
1 director buying
£348k in 1 buy
- 14 Sep 2026 Domenic De Lorenzo £348k
Segment turn
Molson Coors US distribution transition
Momentum building; US revenue +11% cc, margin lower
Fever-Tree moved US distribution to Molson Coors in early 2026. In H1 FY26 US revenue rose 11% at constant currency with gains in retail value share, helped by the first national US marketing campaign. US EBITDA margin fell to 6.2% from 8.1% on step-up in marketing investment.
- US revenue
- £66.9m, +11% at constant currency, H1 FY26
- US EBITDA
- £4.1m (6.2% margin) vs £5.0m (8.1%) in H1 FY25
- Marketing
- First national US campaign, 'Bartender's Best Kept Secret'
- Margin view
- Company cites step-changes in guaranteed US profitability over the medium term
- 10 Sep 2026 Momentum building; US revenue +11% cc, margin lower
- 9 Jun 2026 Past transition; leveraging network, winning accounts
- 24 Mar 2026 Largely embedded; about 400 regional distributors
- 29 Jan 2026 Transition progressing to plan, marketing upweighted
Legal & regulatory
UK EPR levy provision
Legal challenge launched; £2.8m provision booked
Next: outcome of formal legal challenge to Environment Agency
- 24 Mar 2026 Legal challenge launched; £2.8m provision booked
- 29 Jan 2026 Unprovided; engaging with Environment Agency
Closed · 3
Company filings. Not investment advice.