Cuervo Ends FY25 Down, Enters 2026 with a “Healthy Mix of Realism & Optimism”

Dear Client: After seeing improvement in Q3, Grupo Cuervo's performance slid back into the red in Q4, with global volumes down 8.8% and net sales down 14.1% for the fourth quarter ended December 31. For the full fiscal year, global volumes were down 4.4% and net sales were down 2% (sales were down 5.5% on a constant currency basis).  Breaking it down by brand segment, for the full fiscal year, globally:  "2025 was a year of navigating challenges across our