Easy Comps & Sequential Improvement Boost Remy’s Q1 Sales

Dear Client: Remy Cointreau reported a strong start to its fiscal year, with sales up 5.7% globally in Q1 (ended June) on an organic basis, largely thanks to easy comps.  On today's early-morning earnings call, cfo Luca Marotta pointed to a few key factors impacting Q1, including: "very favorable base of comparison in the US and a modest sequential improvement in value depletions in Q1 this year compared to Q4 previous fiscal year"; tough market conditions in China; and a