Campari Growth Decelerates in Q3, but Outlook Remains Positive

Dear Client:Campari sales growth decelerated in Q3, but global net sales are still up nearly 5% for the nine months through September 30. In the Americas, sales were up 6.5%, driven by performance in the US. Campari chief Bob Kunze-Concewitz said the company still "achieved strong organic sales growth" for the nine-month period, "despite the tough comparable base and poor weather across Northern Europe [in Q3], driven by the positive underlying sales momentum in the core developed markets, particularly the aperitifs