Cuervo Reports Strong Double Digit Growth in Q1

Dear Client: Grupo Cuervo started 2019 on the right foot, with net sales up 22.5% and volumes up 13.1% globally in the first quarter ended March 31. US subsidiary Proximo Spirits accelerated further in the period with sales up over 30% and volumes up 20.5%. "Our results were led by another strong performance in the US and Canada, where depletion trends further accelerated during the quarter, contributing to double digit volume and net sales gains," said Cuervo ceo Juan Domingo