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Cognac-Maker Remy Cointreau Exceeds Sales Forecasts And Shares Climb
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Hospitality Ireland
Remy Cointreau's third-quarter sales returned to growth and beat market forecasts on Thursday, driven by higher sales in the United States, pushing the cognac maker's shares 8.5% higher.
Its share price had fallen by around 30% from a year ago.
The maker of Remy Martin cognac and Cointreau liqueur said it had "solid sales" in the Americas region.
ADVERTISEMENTIts shares remained almost 8% higher at 0848 GMT.
Some remained cautious because Remy's US sales were boosted by an easy base of comparison after steep declines last year.