Why concerns about Rémy Cointreau's outlook continue [Yahoo! Finance]
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Yahoo! Finance
With Cognac accounting for around two-thirds of the French group's sales, the Rémy Martin brand owner suffered amid the category's travails in the two largest markets for the spirit – China and the US. When Rémy Cointreau reported its third-quarter (and nine-month) sales in January, the group's management cautiously indicated the company was seeing signs its faltering Cognac business was stabilising in both countries, although CFO Luca Marotta said US depletions were, at the time, “still negative”. Investor and analyst sentiment about Rémy Cointreau going into the company's fourth-quarter (and full-year) sales, which were announced on Friday (26 April), was somewhat muted. The consensus among analysts was the business would report a 3.4% decline in fourth-quarter sales but, in the end, it booked a 0.7% dip, a result Rémy Cointreau described as a “strong sequential improvement”. Annual sales were down 19.2% on an organic basis at €1.19bn ($1.27bn). Fourth-quarter Cognac sales
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News
- A Guide And A Case Study For Investing With Integrity [Forbes]Forbes
- Rémy Cointreau leans on savings as sales pressures weigh on outlook [Yahoo! Finance]Yahoo! Finance
- Rémy Cointreau: Sales Down -16.1% in Organic Terms1 in Q2 2024-25 [Yahoo! Finance]Yahoo! Finance
- Rémy Cointreau: Sales Down -16.1% in Organic Terms¹ in Q2 2024-25Business Wire
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