Proximo Looking Forward to a Strong Second Half After Q2 Dip

Dear Client: Grupo Cuervo lost a bit of momentum in the second quarter of fiscal 2023, with global volumes down 0.7% for the period, driven by lower volumes in the US and Canada region resulting from price increases as well as a slight decline in Mexico. Meanwhile, reported global net sales were down 2.4% for the quarter. On a pro forma constant currency basis, however, net sales were up 7%, driven by premiumization and price increases, noted ceo Juan Domingo