Campari Reports “Good Recovery” in the US in Q4

Dear Client:   Campari ended 2020 with net sales down about 4%. For the fourth quarter ended December 31, sales were down 7% "largely due to the impact of the renewed lockdowns as well as the severe restrictive measures affecting key on-premise markets," according to ceo Bob Kunze-Concewitz.  US PERFORMANCE. In the US, shipments were up 3.4% despite the on-premise restrictions and destocking across the portfolio, which is now fully completed. Excluding the destocking effect, growth in the US would