Foreign Exchange and Trade Relations Weigh on Proximo’s Q2

Dear Client: Cuervo posted global net sales growth of 2.8% for the second quarter of fiscal 2025, ended June, while volumes were down 4.2%. "Throughout the first half of 2025, we continued to operate in a volatile and competitive global environment. Consumer preferences remain supportive of high-quality, authentic brands, and our portfolio continues to be well aligned with these evolving trends. Tequila remains a key growth driver across regions, driven by sustained category momentum," noted Cuervo brass in an earnings