FX Floats Proximo’s Q3 Performance

Dear Client:   Cuervo saw slight sales growth on the global stage for its third quarter of fiscal 2024, ended September, although the US and Canada region didn't provide quite the same boost as it has in recent earnings reports.  On a global basis, Cuervo reported a volume decrease of 7.2%, driven in large part by volume declines in Mexico. Meanwhile, global net sales were up 3.9% in Q3, again boosted by US and Canada sales and foreign exchange effects.