Campari Sees Flattish Q1 Growth on Top of Tough Comps

Dear Client: Amidst tough comps, Campari Group grew global organic net sales 0.2% for the first quarter of fiscal 2024, driven primarily by aperitifs and strong growth from Espolon in the US market.  Organic net sales were up almost 20% for the first quarter of fiscal 2023, Campari Group ceo Matteo Fantacchiotti reminded listeners on this morning's earnings call. Campari noted that if they were comping a "normalized" Q1– and excluded phasing effects from some price increases in Italy and