Remy Cointreau's YTD performance by brand - Focus
In a trading update today, Remy Cointreau posted an 8% lift in reported sales for the nine months to the end of December. Here, just-drinks takes a closer look at the company's sales performance by brand in the year-to-date.
Reported sales were up 15% to EUR487.7m compared to the same period last year. Organic sales, however, were flat (+0.2%)
The company said there was an excellent sales performance in the Americas and EMEA regions, confirming improved results in the areas in H1. This helped pushed Remy Martin into positive organics sales growth (+6.4%) compared to a 3% drop in H1. Sales in Greater China continued to be affected by a change of distributor in the region and remained unchanged from previous quarters, Remy said.
Liqueurs & Spirits
Reported sales were up 3% to EUR207.6m. Organic sales fell by 4%.
The division recorded a 4% organic sales increase in Q3, after a first-half decline (-8%) because of weakness in Russia and Greece.
Sales of Cointreau returned to growth in Q3, after a strong comparison from the previous year affected H1. Remy said demand for the brand "remains solid" in the US and a slight improvement in consumption trends has been seen in France, Germany and Belgium since the beginning of the financial year.
Metaxa also recorded positive growth in Q3 after the launch of Metaxa Honey Shot, particularly in Central Europe, Remy said. However, sales fell over the nine-month period, because of a slowdown in consumption in Greece, Russia and Travel Retail purchasing by Russian customers.
Mount Gay, saw double-digit growth in its domestic Barbados market while growth for Bruichladdich's products were driven by new account listings in Travel Retail, the US, Japan, UK, Germany and Belgium.
St-Rémy's nine-month sales decrease was blamed on a change in distributor in Canada and the decline of Passoa on a high comparable and "a competitive environment in Western Europe".
Reported sales were down 8% to EUR103.9m. Organic sales fell by 11%
The termination of the distribution contract for EPI Group's Piper Heidsieck and Charles Heidsieck Champagne brands in the US led to a downturn in sales but the company said its third-party brands maintained their double-digit growth in the EMEA region.
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Yesterday, Remy Cointreau posted a strong jump in YTD sales driven by impressive Cognac Q3 performances in China and the US. Here, just-drinks takes a closer look at the company's sales performance by...
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