Remy Cointreau Sees Slow Return to Growth as US Slump Eases
- Operating income exceeded estimates in the last fiscal year
- Cognac maker says it’s on track to meet long-term objectives
A bottle of Remy Martin XO Excellence cognac.
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
Remy Cointreau SA will take another year to return to growth following a sharp downturn in the key US market and disruption in its China business.
The French maker of Remy Martin cognac said Thursday that the current fiscal year will be one of transition, before it gets back on track to hitting a longer-term goal of achieving high single-digit annual growth in sales.