Rémy Cointreau reports 22% sales drop
Rémy Cointreau had warned that its six-month figures would be bad and they were, especially in the US, reports Ron Emler.
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Rémy Cointreau had warned that its six-month figures would be bad and they were, especially in the US, reports Ron Emler.
High levels of unsold stock in America have created a headache for the maker of Rémy Martin cognac. First-half profits at Rémy Cointreau have tumbled by 43 per cent amid a slump in sales in the United
Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of EUR636.7 million in the first half of 2023-2024, down -22.2% on an organic basis...
30.11.2023 - Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €636.7 million in the first half of 2023-2024, down -22.2% on an organic basis (up +20.9% compared to the first half of 2019-2020). On a reported basis, sales were down ...
Rémy Cointreau aims to end the year with a "sound" level of stock in the United States, reports a 43% fall in first-half operating profit.