Remy Cointreau Lowers Sales Outlook Amid Market Challenges
Remy Cointreau has revised its full-year sales forecast, expecting an organic decline of approximately 18% in 2024/25. This adjustment reflects continued uncertainties in the US demand recovery and deteriorating market conditions in China.
Despite challenges in key markets, Remy Cointreau reported a smaller-than-anticipated decline in third-quarter sales. Organic sales dropped by 21.5% to €254.1 million, beating analyst estimates of a 23.3% decrease.
Cognac sales, a significant revenue driver for Remy, declined by 22% to €155.7 million in the quarter. This is less than the 27.6% drop anticipated by analysts.