Consumer
Remy Cointreau Cuts Outlook After Seeing Weak Global Demand
A barrel of Remy Martin fine champagne cognac at the Remy Cointreau SA headquarters in Cognac, France.
Photographer: Balint Porneczi/BloombergRemy Cointreau SA cut its guidance for the current fiscal year after the French spirits maker reported a steep drop in quarterly sales amid subdued demand across markets including China, Europe and the US.
The company now expects organic sales growth to range between stable and low-single digits from mid-single-digits previously, according to a statement Thursday. Remy also lowered its outlook for current operating profit for the 2025-2026 period. Organic sales in its fiscal second quarter fell 11% to €268.8 million ($312.5 million), below analysts’ estimates of €273.8 million.