Rémy Cointreau trims full year sales guidance amid China, US woes [Yahoo! Finance]
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Yahoo! Finance
Announcing its first-half results today (30 October), the French spirits giant said: “The deterioration of market conditions in China and the weaker-than-expected rebound in sales in the United States have led Rémy Cointreau to revise its assumptions for 2025-26." Rémy now expects organic sales growth to sit in the “stable and low single-digits” range, compared to its previous forecast of “mid-single-digit growth”. The company also said it expects an organic decline in current operating profit between the “low double digits and mid-teens”, versus an earlier projection for a “mid-single-digit” fall. Despite the downgraded outlook, Rémy said it "intends to support the recovery by maintaining sustained investments in China and the United States". In the six months to the end of September, the Mount Gay brand owner posted sales of €489.6m ($568.5m), dipping 4.2% on an organic basis compared to its 2024-25 fiscal year. Reported sales in the period fell 8.3%, reflecting a negativ
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