Fevertree’s annual profit meets estimates on strong US performance

(Reuters) – British tonic maker Fevertree Drinks posted an annual profit in line with estimates, buoyed by a robust performance of its U.S. market and increased regional production to offset inflationary pressures due to elevated glass-making costs.

The London-based company, which sells most of its drink mixers in glass bottles, said on Tuesday its adjusted core profit was at about 30.5 million pounds ($38.59 million) for the full year ended Dec. 31, meeting a company provided analysts’ consensus of 30 million pounds.

($1 = 0.7905 pounds)

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich)