Reported 1 day ago
Remy Cointreau has warned investors about a significant annual sales decline, particularly impacted by deteriorating conditions in China and ongoing issues in the U.S. market, where tariff threats add to economic challenges. The company's shares fell 3.8% despite better-than-expected third-quarter sales driven by cognac performance. However, the full-year decline guidance has shifted to between 15% and 18%, with expectations leaning towards the higher end of that range, indicating tougher conditions ahead.
Source: YAHOO