Proximo Posts Double-Digit Sales Growth in Q1, Boosted by FX

Dear Client: Cuervo's reported global net sales were up 7.5%, while global volumes were down 7.6% for the first quarter of fiscal 2025, ended March. Sales were driven by a favorable geographic mix weighted toward the US and Canada as well as a positive foreign exchange impact as the peso depreciated against the US dollar, per earnings release. On a pro forma, constant currency basis, global net sales were down 6.9%. "As we open 2025, we are encouraged by our