Rémy Cointreau sees smaller loss, shares gain By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Source: Investing.com
Company Performance: Rémy Cointreau's shares rose 4.9% after reporting a smaller-than-expected decline in half-year EBIT, attributed to favorable currency effects and reduced marketing expenditures, with a reported decline of 17.6% versus the anticipated 20.6%.
Cautious Outlook: Despite the positive short-term performance, the company revised its full-year guidance predicting a 15% to 18% decline in organic sales growth and potential downward revisions to profit estimates due to ongoing challenges in key markets.
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.
