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Rémy Cointreau Lifts Profit View On US Tariffs Deal
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ESM Magazine
French spirits maker Rémy Cointreau has raised its full-year 2025/26 profit outlook, citing a lower-than-anticipated blow to its business from US tariffs of 15% agreed last month on European Union imports.
Sales have slumped in Rémy Cointreau's key US and Chinese markets in recent years, forcing the company into multiple guidance downgrades and to scrap medium-term sales targets.
Rémy said it now expects a net impact of €20 million ($23.41 million) from US tariffs on its current operating profit for the 2025-2026 fiscal year, down from €35 million it estimated previously.
OutlookThe estimated hit from Chinese tariffs of €10 million remained unchanged and Rémy now expects an overall blow from global tariffs of €30 million, down from €45 million it estimated previously.
As a result, the maker of Rémy Martin cognac now expects an organic percentage decline in full-year 2025-2026 current operating profit of mid-single-digit, an improvement from the mid-to high-single-digits percentage it previously anticipated.
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