Easter Timing & Logistic Delays Weigh Down Campari’s Q1 Performance

Dear Client: Campari Group today reported a soft start to its fiscal year, largely as expected, with net sales down 4.2% globally on an organic basis for the first quarter ended March 31.  Campari ceo Simon Hunt outlined a few key factors that impacted performance in the quarter on this afternoon's earnings call, including: "additional negative impact of the macroeconomic volatility," Easter timing, logistic delays on some March shipments in the US, and the "phasing of investment as previously guided