Proximo Posts Growth in Q3 While Prepping for Tough Q4

Dear Client: Grupo Cuervo's global volumes were down 4.5% for the third quarter of fiscal 2023 ended September, driven by volume decreases in Mexico and Rest of World. This was partially offset by a volume increase in the US and Canada region, mainly driven by continued strong performance from super and ultra-premium tequila brands.  Meanwhile, global net sales were down 8.5% on a reported basis. However, much of that was driven by a negative foreign exchange effect as the Mexican