Tonics and mixers producer Fever-Tree has issued a profits warning and cut its sales forecast for the second time over a two-month period, due to tough trading conditions. The company blamed a slowdown in consumer spending, particularly during Christmas 2019, and it said full-year profits would be about 5% lower in 2019 than in 2018, when it logged a 34% jump in pre-tax profits to…

Broadland Wineries has reported a significant rise in profits over the past year, driven by strong performances from a number of its key brands. The company said pre-tax profits grew to £2milion in the year to March 2019, up from £0.3million the year before.  Turnover increased by 11.6% over the same period to £70.6million. Broadland’s Minivino single serve wine brand saw an increase in sales…

Tesco has reported a 28% jump in profits as its turnaround plan nears completion. Full year pre-tax profits for Britain’s biggest supermarket were £1.67 billion (up 28.8%) while same store sales for Tesco grew 1.7%. Chief executive Dave Lewis said the group was on track to meet the “vast majority” of the turnaround goals he set when he was appointed four years ago, following a…

Conviviality has more than doubled its full year profits to £22.5m. The owner of Bargain Booze and Wine Rack reported its pre-tax profits grew 147% on the previous year, and it almost doubled sales to £1.56bn. The company said the integration of both Matthew Clark and Bibendum PLB is progressing ahead of plan and it described the period (53 weeks to 1 May 2016) as…

Rum is currently a star performer in the UK, with sales up 12% in the on-trade and 3% in the off-trade, with independents and c-stores growing sales by 6% (Nielsen and CGA). Many are predicting rum will be the next gin and continue to enjoy surging sales thanks to its diversity and versatility. But with so many rums out there it can be di cult…

English sparkling wine producer Chapel Down has grown sales by 26% in the past year, according to its interim results. For the six months to June 30, 2016, sales were up to £4.1 million compared to £3.25 million the previous year. Wine sales were up 14% to £2.6 million, and wine gross profit climbed 18% to just over £1 million. Chapel Down also produces the…

Majestic has reported a 43.1% sales rise on the back of the purchase of Naked Wines, but profits plummeted 74.5% (year to March 28, 2016). Sales growth was driven Naked, which Majestic bought for £70 million in April 2015 and installed its founder, Rowan Gormley, as chief executive of the combined group. Naked achieved record sales of £104 million, up 27% over the year, and earnings…