Campari’s U.S. Sales Surge 11% In First HalfJuly 30, 2019
Campari Group enjoyed strong growth across its business in the six months through June, led by a buoyant performance in the U.S., its largest market, accounting for around one-quarter of sales. Globally, Campari saw net sales increase 8% on an organic basis to €848 million ($946m), while adjusted EBIT rose 11% to €180 million ($201m).
Campari’s U.S. unit posted 11% growth in the first half, with the company reporting broad-based progress across the portfolio, excluding Skyy vodka, which has continued to struggle amid highly competitive category conditions. While Skyy saw a low single-digit decline in the first six months of the year, brands including Wild Turkey (+11%), Espolòn (+47%), Grand Marnier (+2.3%), Campari (+6%), and Aperol (+22%) continued to perform well for the company, driven by solid gains in the U.S.
Campari CEO Bob Kunze-Concewitz said the group expects its momentum to continue in the second half, although he flagged the “adverse effect of agave purchase price” in the Tequila category and the ongoing volatility of emerging markets as potential headwinds.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Aperol, Campari, Campari Group, Espolón, Grand Marnier, Wild Turkey
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