Reported about 1 month ago
Remy Cointreau has reduced its full-year sales expectations, indicating a prolonged recovery period as it grapples with ongoing double-digit sales declines, particularly in the U.S. and China. The company reported a 19.2% drop last year and anticipates more declines ahead, exacerbated by new tariffs on EU brandy imports into China. Despite some optimism for a rebound in the U.S. in the fourth quarter, the firm faces significant challenges and a pressing need to demonstrate improved financial results.
Source: YAHOO