After Challenging Fiscal Year, Remy Expects Q1 Sales to “Decline Sharply”

Dear Client: It was a tough year for Remy Cointreau, with global sales down 9% for the fiscal year ended March 31. The company was already facing "a number of situational factors" in the first nine months of its fiscal year, such as strong comps, route to market changes, and slow replenishment, according to cfo Luca Marotta. Then came COVID-19, which really dragged down Q4 results. Global sales were down 24% in Q4. In the Americas, organic sales were down 4.3% for the