Cognac-maker Remy flags deeper than expected annual sales fall By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
0mins
Source: Investing.com
Sales Decline and Investor Expectations: Remy Cointreau has lowered its annual sales expectations for the third time in four months due to significant declines in China and ongoing issues in the U.S., with shares dropping 3.4% despite a less-than-expected fall in third-quarter sales.
Market Challenges and Future Outlook: The company anticipates a full-year sales decline of nearly 18%, facing challenges from high interest rates, inflation, and tariffs, while expressing cautious optimism for slight improvements in trends compared to the third quarter.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
