Remy Sees Resilience in the US Market in Q1

Dear Client:  Remy Cointreau today reported a global sales increase of 1.3% for the first quarter ended June, reflecting strong growth in Cognac and a limited decline in the Americas, the latter driven by destocking and high comps in Latin America.  US SHOWS RESILIENCE. In the Americas sales were down low single digits in Q1. Meanwhile US sales growth "were particularly resilient," said cfo Luca Marotta on today's early-morning earnings call.  Indeed, sales were up low to mid single digits