Premium Tequila Trends Drive Cuervo’s Q1 Performance

Dear Client:  Grupo Cuervo kicked off its fiscal year with global net sales up 26.5% and volumes up 11.4% for the first quarter ended March 31. "I'm very pleased with the results we achieved for the first quarter of 2022," said chief Juan Domingo Beckmann on today's earnings call. "Mobility restrictions were lifted in most of our geographies which boosted on-premise sales. But we still faced a challenging supply chain environment. Nonetheless, we are learning to adapt to this kind of