Rémy Cointreau Pulls Mid-Term Outlook, Blaming Tariffs

Rémy Cointreau recently posted global sales down 18% to €985 million ($1.1b) for its full fiscal year ended in March, impacted by conditions in China and destocking in the Americas over the first three quarters of the year. Today, the company revealed that operating profit for the year fell 31% to €217 million ($248m), and warned that uncertainty around tariff plans in the U.S. and China are clouding its longer-term outlook.

“Given the continued lack of macroeconomic visibility, the geopolitical uncertainties surrounding U.S.-China tariff policies, and the absence to date of a recovery in the U.S. market based on improving underlying trends, Rémy Cointreau believes the conditions required to maintain its 2029-2030 targets are no longer in place,” the company said.

For its current fiscal year, the company is expecting sales to return to mid-single-digit growth, but said tariffs could shave €65 million ($74m) from profits, which could decline in the mid to high teens absent an easing of trade tensions.—Daniel Marsteller

Tagged : Remy Cointreau

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