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Rémy Cointreau SA (REMYY)
| Previous close | 9.46 |
| Open | 9.73 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 9.65 - 9.78 |
| 52-week range | 9.40 - 17.90 |
| Volume | |
| Avg. volume | 84,637 |
| Market cap | 4.999B |
| Beta (5Y monthly) | 0.35 |
| PE ratio (TTM) | 25.50 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.31 (3.32%) |
| Ex-dividend date | 26 Sept 2023 |
| 1y target est | N/A |
- Reuters
UPDATE 3-Chinese cognac sales drive Remy Cointreau to Q4 sales beat
Remy Cointreau's shares rose 6.8% on Friday after it reported a far smaller-than-expected fall in fourth-quarter sales, saying "significant growth" in China helped drive a surprise uptick at its cognac division. Remy, which makes over 70% of its sales from cognacs such as Remy Martin, has been grappling with difficult conditions in its two major markets, China and the United States, forcing it to cut its full-year forecast in October. Analysts had been expecting it to post a 3.4% decline in organic sales in the three months to end-March, with flat cognac sales at 0.5%.
- Reuters
Remy cautious on China despite cognac sales surge
LONDON (Reuters) -Remy Cointreau's shares pared gains on Friday as its chief financial officer Luca Marotta warned a surprise uptick in growth at its cognac division, fuelled by China, may not last given uncertainty in the world's No.2 economy. Shares in the maker of Remy Martin cognac initially rose 6.8% after it reported a far smaller than expected drop in fourth quarter sales, but were flat by 0950 GMT. Remy attributed the rise to its performance in China, one of its two main markets, where marketing initiatives had helped drive sales during the Lunar New Year festivities in February.
- Reuters
Remy's shares soar on signs of US, China improvement
The maker of Remy Martin cognac and Cointreau liquor also reported third quarter sales that were largely in line with expectations and held its full-year guidance, though said its annual sales would be at the lower end of its 15% to 20% range. Inventory levels remained little changed right now but would normalise some time in the next financial year, chief financial officer Luca Marotta said. In China, "sharp destocking" ahead of Chinese New Year in February was temporary, Marotta said, with inventories expected to be at a healthy level after the celebration.
