Moët Hennessy’s Revenues Surge 30% Through SeptemberOctober 13, 2021
Moët Hennessy posted revenues of €4.25 billion ($4.9b) for the nine months through September, marking the first three quarters of its fiscal year. That tally marks a 30% increase compared with the same period in 2020, and a 10% increase over 2019.
Champagne volumes increased 7% compared to the first nine months of 2019, driven by the recovery of restaurants and tourism over the summer in the U.S. and Europe, while Hennessy Cognac’s volumes rose 4% compared with 2019. While the Hennessy brand remains in high demand in the U.S. and China, supply constraints continue to hold down its growth numbers.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.