Moët Hennessy’s Revenues Surge 30% Through September

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 Marsteller

Tagged : Hennessy, Moet Hennessy

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