Improved Supply Chain Issues Boost Cuervo’s Q4 Results

Dear Client:   Grupo Cuervo showed improvement in its fourth quarter ended December 31, buoying its full year results. Indeed, in Q4 volumes were up 5.5% globally and net sales grew 22.4%, bringing global volume growth to 8% and net sales growth of 12.5% for the fiscal year.   In the US & Canada—the company’s largest market, representing 62% of total volumes and 65% of total net sales for the fiscal year—reported a volume increase of 3.7% and net sales increase