Rémy Cointreau SA (RCO.PA) Thursday announced an 11 percent decline in sales for the second quarter, compared to the prior. Further, the company reduced its guidance for the year 2025-26. The company attributed the reduction to adverse timing effects and challenging economic environment.
Cognac division reported 13.5 percent decline in the second quarter sales at 178.2 million euros, while the Liqueurs and Spirits were down 5.3 percent at 100.3 million euros on an organic basis. Partner Brands recorded a 28.7 percent fall in sales at 3.4 million euros for the second quarter.
For the first half, the total sales were 489.6 million euros, down from 533.7 million euros last year. Cognac division was down 12.1 percent, while liqueurs and spirits division sales edged up 0.5 percent. Sales for the Partner brands fell 35.9 percent to 6.7 million euros from 10.5 million euros.
Looking ahead to the full year 2025-26, the group now projects sales between stable and low single digits, while the previous projection was for mid-single digit growth.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.