Cuervo: “We’re at the Right Place at a Really Tough Time”

Dear Client: Grupo Cuervo reported a net sales increase of 25% and volume increase of 10.7% for the second quarter ended June 30, benefitting from COVID-era trends including RTDs, large pack sizes and the shift to off-premise.  The company was of course impacted by the closure of the on-premise channel worldwide for most of the quarter. "However, this was partially offset by strong growth of off-premise sales in key markets like the US and Canada where we manage a portfolio