Remy Cointreau Records Lowest Expected Performance of the Year in Q2

Dear Client: Following strong double digit growth in Q1, the pendulum swung the other way for Remy Cointreau in Q2, with sales down 11% on an organic basis bringing H1 global sales to -4.2% growth.  Q2 "should be, as expected, the lowest quarter of the year," said cfo Luca Marotta on today's earnings call. "It reflects some adverse phasing effect in a still challenging macroeconomic environment," as well as mixed regional trends, he added. Indeed, the company continues to report