Remy Down Double Digits in Q3, But Seeing “Some Positive Signs”

Dear Client:   Remy Cointreau reported a global sales decrease of 21.5% in the third quarter ended December, bringing its nine-month trend to -17.8%.  In the Americas, sales were also down "strong double digits" for the first nine months of the fiscal year, primarily due to high comps and continued destocking, according to cfo Luca Marotta. Similarly, sales were down strong double digits in the US in Q3, driven by the same two factors. The high comps, Luca explained on