Remy Misses Q2 Targets, Lowers Full Year Guidance

Dear Client:   Remy Cointreau has referred to its current fiscal year (2024-2025) as a "transition year," expecting a gradual recovery as the year progresses. But after another tough quarter, the company has adjusted its guidance.  For the second quarter ended September, global sales were down 16.1% on an organic basis. Similarly, H1 global sales were down nearly 16%.  "This performance reflects, first of all, the continued destocking in the US on the back of a persistent weak depletion and