Market Spotlight: Fevetree Shares Tank On Fresh Profit Warning
Rising Costs Hurt ProfitsShares in UK beverage maker Fevertree are bouncing back today after a more than 15% plunge from yesterday’s closing price. The company, famous for making tonic mixers, issued a profit warning ahead of its upcoming earnings report in March. Fevertree warned that profits for 2023 would likely be lower as a result […]