Other OTC - Delayed Quote USD

Rémy Cointreau SA (REMYY)

9.88

-0.02

(-0.22%)

At close: April 25 at 3:50 PM EDT

Remy Cointreau Sales Decline as U.S. Woes Persist

Remy Cointreau posted fourth-quarter sales slightly ahead of views, as it saw a better-than-expected performance in China, but continued to destock in the U.S.

The Wall Street Journal 4 hours ago

REMYF
-3.42%
REMYY
-0.22%
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 6 hours ago

REMYY
-0.22%
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 6 hours ago

REMYY
-0.22%
Rémy Cointreau: FY 2023-24 sales: -19.2% on an organic basis

PARIS, April 26, 2024--Regulatory News: Rémy Cointreau (Paris:RCO) reported 2023-24 sales of €1,194.1 million, down -19.2% on an organic basis1 (+16.2% compared to 2019-20). On a reported basis, sales were down -22.9%, including a negative currency effect of -3.7%, due primarily to trends in the renminbi and the US dollar.

Business Wire 6 hours ago

REMYF
-3.42%
REMYY
-0.22%
Barclays, BNP, Deutsche Bank Earnings Hinge on Trading, Rates

(Bloomberg) -- Europe’s biggest banks pick up the baton this week after mixed results from Wall Street peers.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeWith sector stocks trading near a six

Bloomberg 4 days ago

REMYY
-0.22%
SAP

BCS
Rémy Cointreau Successfully Renews and Increases Its Syndicated Credit Line to €180 Million

PARIS, April 02, 2024--Regulatory News: Rémy Cointreau (Paris:RCO) announces the successful renewal of its Revolving Credit Facility for an amount increased to €180 million and a maturity of 5 years (March 2029), with two one-year extension options, subject to approval by the lenders.

Business Wire 24 days ago

REMYF
-3.42%
REMYY
-0.22%
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.

Reuters 2 months ago

REMYY
-0.22%
Rémy Cointreau: Third-quarter 2023-24 sales: -23.5% on an organic basis

PARIS, January 26, 2024--Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €956.6 million in the first nine months of 2023-2024, down -22.7% on an organic basis2 (+16.7% compared to the first nine months of 2019-20). On a reported basis, the decline was -26.7%, including a negative currency effect of -4.0%, due primarily to the renminbi and the US dollar. This performance includes a -23.5% decrease on an organic basis in the third quarter of 2023-2024, representing a +9

Business Wire 2 months ago

REMYF
-3.42%
REMYY
-0.22%
UPDATE 1-Remy has firepower for $1 bln acquisition, executives say

Remy Cointreau's balance sheet is strong enough to make a more than $1 billion acquisition without seeking additional resources, company executives said on Thursday. While the company's short-term focus remains on organic growth, Remy would also consider M&A opportunities including tequila and champagne brands, Chief Executive Eric Vallat said after the company reported a 43% drop in first-half operating profit. Chief Financial Officer Luca Marotta said that while bigger, transformative deals could require the company to seek additional resources, it could still make a hefty purchase based on the strength of its current balance sheet.

Reuters 4 months ago

REMYY
-0.22%
Notification of Availability of Rémy Cointreau’s 2023-24 Interim Financial Report

PARIS, November 30, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) announces that its interim financial report for the six-month period ended September 30, 2023 is publicly available and accessible online (link).

Business Wire 4 months ago

REMYF
-3.42%
REMYY
-0.22%
UPDATE 3-Remy seeks to fix US inventory problems by year-end, profits fall

Remy Cointreau aims to end the year with a "sound" level of stock in the United States, but it is unclear when this would start to move, its CEO said after the group reported a 43% fall in first-half operating profit. High levels of unsold inventories in the U.S. have become a key issue for the maker of Remy Martin cognac and Cointreau liqueur after they contributed to a cut in full-year guidance in October. The U.S. and China are the group's two key markets for cognac.

Reuters 4 months ago

REMYY
-0.22%
Remy seeks to fix US inventory problems by year-end, profits fall

PARIS (Reuters) -Remy Cointreau aims to end the year with a "sound" level of stock in the United States, but it is unclear when this would start to move, its CEO said after the group reported a 43% fall in first-half operating profit. High levels of unsold inventories in the U.S. have become a key issue for the maker of Remy Martin cognac and Cointreau liqueur after they contributed to a cut in full-year guidance in October. The U.S. and China are the group's two key markets for cognac.

Reuters 4 months ago

REMYY
-0.22%
Rémy Cointreau: First-Half 2023-24 Results

PARIS, November 30, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €636.7 million in the first half of 2023-2024, down -22.2% on an organic basis (up +20.9% compared to the first half of 2019-2020). On a reported basis, sales were down -26.6% including a negative currency effect of -4.4%, due primarily to trends in the renminbi and the US dollar.

Business Wire 4 months ago

REMYF
-3.42%
REMYY
-0.22%
3 Luxury Brand Stocks to Buy for Their Timeless Appeal

Luxury brand stocks have proven to be a great investment throughout the decades. The combination of powerful brands and tremendous pricing power tends to lead to superior earnings growth compared to other consumer-focused companies. However, the luxury market is in a bit of a tailspin right now. Many people spent at a record clip in 2021 and 2022 and are cutting back consumption a bit now. Higher interest rates have limited credit-driven consumption. A downturn in the Asian market has hurt sales

InvestorPlace 5 months ago

EL

MC.PA

REMYY
-0.22%
Remy shares plummet as hopes for quick U.S. recovery fade

PARIS/LONDON (Reuters) -Shares in Remy Cointreau plunged 11% on Friday after it cut its sales outlook and lowered its profit guidance, with optimism around a better second half fading amid worsening trading conditions in the United States and China. After steep declines in sales in the first half, the maker of Remy Martin cognac and Cointreau liqueurs had been anticipating a rebound in the remainder of the year, led by a sharp increase in U.S. sales starting in the third quarter. But on Friday Remy delayed that recovery until its next financial year, pointing to a "fiercely promotional" environment and the impact of interest rate increases on partners' financing in the United States.

Reuters 5 months ago

REMYY
-0.22%
Rémy Cointreau: Q2 2023-24 Sales: -10.8% on an Organic Basis

PARIS, October 27, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) generated consolidated sales of €636.7 million in the first half of 2023-2024, down -22.2% on an organic basis1 (+20.9% compared to 1st half of 2019-20). On a reported basis, the decline was -26.6%, including a negative currency effect of -4.4% due primarily to the renminbi and the US dollar.

Business Wire 5 months ago

REMYF
-3.42%
REMYY
-0.22%
Notice to the holders of the 274 999 943.70€ 0.125% bonds due 07 September 2026 issued by REMY COINTREAU (the issuer) and convertible into new shares and or exchangeable for existing shares of REMY COINTREAU (the bonds) (ISIN : FR0013200995)

PARIS, October 02, 2023--Regulatory News: Rémy Cointreau (Paris:RCO):

Business Wire 6 months ago

REMYF
-3.42%
REMYY
-0.22%
Rémy Cointreau Successfully Issues a €380 Million Private Bond Placement, With an Average 10-Year Maturity

PARIS, September 28, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) announces that it has completed today a €380 million, non-listed and not rated private bond placement with maturities of 7, 10 and 12 years (i.e. an average 10-year maturity) and a weighted average coupon of 5.58%.

Business Wire 6 months ago

REMYF
-3.42%
REMYY
-0.22%
Rémy Cointreau: Timetable and Procedure for Exercising Put Option of OCEANE 2026

PARIS, July 26, 2023--Regulatory News: Rémy Cointreau (Paris:RCO) reminds bondholders of the timetable and procedures for the exercise relating to the early redemption option of the OCEANE due on September 7, 2026, bearing interest at 0.125%, for a total nominal amount of €275.0 million (ISIN: FR0013200995) convertible into new shares and/or exchangeable for existing Rémy Cointreau shares (the ‘OCEANE 2026’).

Business Wire 8 months ago

REMYF
-3.42%
REMYY
-0.22%
Remy Cointreau confident on H2 rebound after weak start to year

PARIS (Reuters) -French spirits group Remy Cointreau on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The maker of Remy Martin cognac and Cointreau also stuck to a forecast for flat organic sales and profitability in the full 2023/24 financial year, reflecting a sharp decline in sales in the first half followed by a strong recovery in the second half. Sales in the cognac division alone fell 44.7% on an organic basis in the quarter, as a massive decline in U.S. sales outpaced double digit sales growth in China driven by a recovery in demand in bars and restaurants and e-commerce growth.

Reuters 8 months ago

REMYY
-0.22%

Performance Overview

Return	REMYY	CAC 40
YTD	-22.15%	+6.60%
1-Year	-47.94%	+6.76%
3-Year	-49.65%	+28.49%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Rémy Cointreau SA (REMYY)

Remy Cointreau Sales Decline as U.S. Woes Persist

UPDATE 3-Chinese cognac sales drive Remy Cointreau to Q4 sales beat

Remy cautious on China despite cognac sales surge

Rémy Cointreau: FY 2023-24 sales: -19.2% on an organic basis

Barclays, BNP, Deutsche Bank Earnings Hinge on Trading, Rates

Rémy Cointreau Successfully Renews and Increases Its Syndicated Credit Line to €180 Million

Remy's shares soar on signs of US, China improvement

Rémy Cointreau: Third-quarter 2023-24 sales: -23.5% on an organic basis

UPDATE 1-Remy has firepower for $1 bln acquisition, executives say

Notification of Availability of Rémy Cointreau’s 2023-24 Interim Financial Report

UPDATE 3-Remy seeks to fix US inventory problems by year-end, profits fall

Remy seeks to fix US inventory problems by year-end, profits fall

Rémy Cointreau: First-Half 2023-24 Results

3 Luxury Brand Stocks to Buy for Their Timeless Appeal

Remy shares plummet as hopes for quick U.S. recovery fade

Rémy Cointreau: Q2 2023-24 Sales: -10.8% on an Organic Basis

Notice to the holders of the 274 999 943.70€ 0.125% bonds due 07 September 2026 issued by REMY COINTREAU (the issuer) and convertible into new shares and or exchangeable for existing shares of REMY COINTREAU (the bonds) (ISIN : FR0013200995)

Rémy Cointreau Successfully Issues a €380 Million Private Bond Placement, With an Average 10-Year Maturity

Rémy Cointreau: Timetable and Procedure for Exercising Put Option of OCEANE 2026

Remy Cointreau confident on H2 rebound after weak start to year

Performance Overview