Rémy Cointreau cuts FY26 outlook after Q2 sales miss By Investing.com
Update: 2025-10-30
Description
Rémy Cointreau's Q2 sales plummeted by 11%, missing expectations, due to sluggish US and Chinese markets. The company now predicts flat to slightly positive organic sales growth and a steeper EBIT drop. US cognac sales grew, but total depletion volumes dropped. Chinese cognac sales plunged by 25% due to tighter economic policies. European, Middle Eastern, and African cognac sales also slipped by double digits. The liqueurs and spirits side also struggled, with organic sales down over 5%. For the first half of the fiscal year, net sales fell by over 8% and EBIT by more than 14%.
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