Weak restaurant and pub sales impacted performance
RBC says performance consistent with peers
Shares fall to an more than 8year low

Sept 12 Reuters Fevertree Drinks cut its annual revenue growth forecast on Thursday as unexpected wet weather at the start of its key summer season dampened sales for the British beverage maker, sending shares down 8.6.

Unusually cool and wet weather in Britain weighed on spirits and fewer people stepped out at the start of summer, hurting sales and demand for everything from clothes to cocktails.

Weak sales in restaurants and pubs have also contributed to the lacklustre firsthalf performance, Fevertree said.

Shares of the Londonlisted company fell to a more than eightyear low of 788 pence. They have lost about 14 of their value since the start of this year.

Fevertree, which makes premium tonic waters and cocktail mixers, now expects revenue growth of about 4 to 5 for the full year, lower than the 10 initially projected in March.

Analysts, on average, were expecting revenue growth of about 7, according to a companycompiled consensus.

Fevertree peer A.G. Barr forecast in July its halfyear revenue to be higher than prioryear levels, supported by strong demand for its cocktail mixes and soft drinks.

Fevertree, founded in 2003, posted halfyear revenue of 172.9 million pounds 225.55 million, down from the 175.6 million pounds logged last year.

RBC Capital analysts had set expectations at 179 million pounds but noted that the…