Today we released our First-half 2024-25 results. "In a complex economic and geopolitical context, Rémy Cointreau was able to hold margins steady in the first half of the year through rigorous cost management and our now more agile organization. While the US recovery is expected to be very slow, recent encouraging signs for Cognac plus resilience observed in Liqueurs & Spirits confirm the relevance of our strict pricing strategy. In China, despite uncertain conditions, we continued to gain market share thanks to the desirability of our brands, our ability to innovate, and our strong presence in e-commerce. Looking ahead, the second half will see continued efforts to rein in costs as part of our €50m full-year savings plan. But it’s essential that we not lose sight of our goals—and in that respect the time has come to prepare for recovery. We thus plan to begin reintroducing targeted investments in marketing as early as H2, to support peak activity in both the United States and China. Thanks to the quality of our brands and our teams’ engagement and talent, we can look to the future with confidence as we press ahead. I would like to take this opportunity to extend my warmest thanks to all our employees, whose responsiveness and creativity are critical assets as we prepare for recovery and work to achieve our medium-term goals." Eric Vallat, CEO. More on our website: https://lnkd.in/e2vkpGiu
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The maker of Penfolds wine Treasury Wine Estates has issued new, higher earnings estimates for the company following its resumption of sales to China in March and a price hike timed for 1 July. The company expects Penfolds’ earnings margin to be approximately 42 percent with the resumption of China sales, reflecting the reestablishment of entry-level luxury wines to the market. It forecasts FY24 earnings before interest and tax of between $418 million and $421 million. #manufacturing #australianmanufacturing #asx #finance #revenues
Treasury Wine forecasts margin rise as China market reopens - Australian Manufacturing Forum
https://www.aumanufacturing.com.au
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Bourbon enthusiasts and industry pros, don't miss out on one of our latest blog posts! From managing supply chain constraints to tackling international expansion, we've got the tips you need. Read now and stay ahead of the curve! https://lnkd.in/efAevRbW
Navigating Bourbon Distribution Challenges – eJOOV
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Many private collectors and enthusiasts wish to receive our exclusive ''trade priced'' offers, which are typically 10%-30% below our retail website prices. As a trading business and stockholders, handling millions of pounds worth of fine wine stocks annually, we like to turn around stocks quickly, and make cases appealing to the trade and savvy private collectors looking for exceptional deals, well under cheapest Wine Searcher prices. Payment needs to be prompt (within 14 days), and we don't accept credit cards at trade prices (bank transfer only). In order to offer at these pricing levels, we strip out as many trading costs as possible (like credit card fees), making us truly ''no frills'', undercutting larger competitors with much bigger overhead. We then pass these savings on to our customers accordingly. Contact us at [email protected] for any buy/sell enquiries, or visit https://lnkd.in/dzNXVEK for current stock offers. Remember – Our direct email trade offers are significantly lower priced than our visible web prices! Like the sound of heavily discounted fine wine prices? Sign up to receive them direct to your inbox here! https://lnkd.in/f3g5tPw
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Sourcing has long been a pillar of the global spirits industry, but it sparked controversy in the U.S. during the 2010s while overseas markets stayed unfazed. This historical deep dive explores the evolving role of independent bottlers and how consumer sentiment around sourcing has shifted over the past decade. Discover why sourcing is now seen in a new light and what it means for craft distillers today. https://lnkd.in/gsCpm32S
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Taking price might make a lot of sense when you're still in a supply-constrained environment with a cash-rich consumer but not only is their an abundance of choice for the consumer domestically and internationally, the "allocated" inventory that once drove the #JapaneseWhisky frenzy no longer exists for their core SKUs... I don't see how this one plays out well for them in the short-term but it will be interesting to follow. #DrinksIndustry #WhiskyMarket
Japan's Suntory plans to up whisky prices
https://www.thedrinksbusiness.com
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Jack Daniel's Parent Tops S&P 500 on Smaller-Than-Expected Revenue Slide Jack Daniel's whiskey owner Brown-Forman (BF.A) was the S&P 500’s best-performing company following stronger-than-expected results and a call that the company will return to growth this fiscal year. The alcohol maker reported fiscal second-quarter revenue of $1.11 billion, down 1% year-over-year but above the analyst consensus.Sales of Jack Daniel’s Tennessee Whiskey declined 1% year-over-year. Whiskey sales overall fell 3%. The alcohol maker reported fiscal second-quarter revenue of $1.11 billion, down 1% year-over-year.Net income was $242 million, or 50 cents per share, compared to $258 million or 55 cents per share a year earlier and topping the Street’s expectations. Sales of Jack Daniel’s Tennessee Whiskey declined 1% year-over-year. Whiskey sales overall fell 3%. CEO Lawson Whiting said the company anticipates a “return to growth" in fiscal 2025, which runs through April. Brown-Forman maintained its guidance of 2% to 4% organic sales growth, driven in part by gains in international markets.Shares of Brown-Forman jumped more than 10% Thursday but are down roughly 20% in 2024.
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NEW: Chapel Down Group has concluded its strategic review and elected to remain “a standalone AIM-listed company”. However, the news came alongside a downbeat trading update from the English winemaker. Sparkling wine sales had improved in the third quarter of the year, with stockholdings in the off-trade returning “to normal levels”, Chapel Down said. However there remained “some ongoing pressure on rate of sale in the off-trade”. Subsequently, the supplier said it now expected full-year net sales revenues (NSR) to be in low, single-digit decline from the prior year, having previously forecasted for single-digit NSR growth. The 2024 harvest, meanwhile, was “of a high quality” but lower in yield than the five-year average. As a result, Chapel Down said would book a non-cash charge of “between £750k and £850k” in FY24 relating to “fair value adjustment on biological assets”. This, alongside “exceptional costs relating to the strategic review”, meant Chapel Down was now also expecting to report a loss before tax in FY24. Read more via The Grocer.
Chapel Down downgrades sales guidance and takes itself off the market
thegrocer.co.uk
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Each month, FBA focuses on data that may impact our members' bottom line by highlighting a different end-use market segment with current news, developments, and further information. This month, we are focusing on DtC Craft Spirits. The DtC Spirit market hopes to model the success of the DtC wine shipping market, which is currently a $4 billion market, and has a much more expansive map of where shipping is permitted. The momentum gained by the disruption of the Covid lockdown has given consumers a taste for convenience and variety. The spirit industry will continue to find ways around restrictive state laws to meet demands while continuing to make legislative reform a top industry agenda item. Members can read more about this market segment here: https://lnkd.in/gg3nhxE8
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How do you manage risk, while thinking about it from a customer point of view?Hear from Nitin M., VP of Supply Chain Excellence at E. & J. GALLO Winery. Watch the full webinar here: https://hubs.li/Q02mQWBM0 #PartnerLinQ #supplychain #connectivity #visibility
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At the #BeverageFederation, we understand that running a successful beverage business means being as smart with your costs as you are with your craft. That’s why we help owners like you: ✔️ Save money with pre-negotiated supplier discounts ✔️ Simplify your purchasing process to save time ✔️ Measure your impact by showing exactly how much you’ve saved Imagine telling your investors or team, “Here’s what we saved last year as a result of smart purchasing decisions—and here’s the difference it made!” We’re here to help you brew smarter, not harder. 💡 #BreweryFinance #SmartPurchasing #GroupPurchasing
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Digital Editor - Global Drinks Intel
3wHere's our coverage on Global Drinks Intel, which includes downloadable data sets: https://drinks-intel.com/cross-category/pessimism-abounds-for-remy-cointreau-as-latest-quarter-sales-slide-again-results-data/