Proximo Holding Steady as Economic Headwinds Press On

Dear Client:   Casa Cuervo reported a global net sales decrease of 15.3% for the third quarter of fiscal 2026, ended September, driven by lower volumes and an "unfavorable regional price/mix," per earnings release. On a constant currency basis, global net sales were down 10.3%.  Meanwhile, global volumes were down 8.7%, weighed down in part by the Boost energy drink divestiture. Minus the brand, volumes were down 5.6%, with another quarter of sequential improvement in US shipments as Cuervo works through