{"id":124248,"date":"2023-10-30T12:38:19","date_gmt":"2023-10-30T11:38:19","guid":{"rendered":"https:\/\/luxus-plus.com\/remy-cointreau-a-second-quarter-weighed-down-by-a-slower-than-expected-us-recovery\/"},"modified":"2023-10-30T12:46:31","modified_gmt":"2023-10-30T11:46:31","slug":"remy-cointreau-a-second-quarter-weighed-down-by-a-slower-than-expected-us-recovery","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/remy-cointreau-a-second-quarter-weighed-down-by-a-slower-than-expected-us-recovery\/","title":{"rendered":"R\u00e9my Cointreau: a second quarter weighed down by a slower-than-expected US recovery "},"content":{"rendered":"

R\u00e9my Cointreau sees second-quarter sales fall 2023-24. The French wine and spirits group has been penalized by a downturn in sales in the United States. As a result, the group has severely cut its annual forecasts.<\/h4>\n

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R\u00e9my Cointreau, the wine and spirits group – owner of R\u00e9my Martin and Louis XIII cognac, among others – saw its sales for the first half of 2023-24 fall by -22.2% organically to \u20ac636.7 million<\/strong>. On a reported basis, the downward trend reached -26.6%.<\/p>\n

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This underperformance is due to the normalization of consumer spending and high inventory levels in the United States.<\/strong><\/p>\n

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Not all divisions are in the same boat. Cognac activities<\/strong> – which account for 70% of the Group’s sales – were the hardest hit<\/strong>, plummeting by -30.1% in organic terms<\/strong> in the first half.<\/p>\n

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As expected, the wines and spirits universe fared better, even returning to growth<\/strong> in the second quarter, with a clear acceleration in sales to +12.1% in organic terms.<\/p>\n

Geographically, the Americas region suffered a significant sales decline of -49.9% in organic<\/strong> terms in the first half.<\/p>\n\n<\/p>\n

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