Tag Archive: Grupo Cuervo
News Alert: Cuervo CEO Diagnosed With COVID-19
The coronavirus continues to take a toll on the drinks industry, with Grupo Cuervo announcing today that its CEO, Juan Domingo Beckmann Legorreta, has tested positive. Continue reading →
Posted in News on March 18, 2020Cuervo’s Full-Year Sales Jump 9%, But Agave Costs Weigh Down Earnings
Grupo Cuervo enjoyed strong net sales and volume growth in its fiscal year through December, but its profits continue to be slowed by increasing agave costs. Continue reading →
Posted in News on February 28, 2020Cuervo Sees Strong Sales, Profit Growth In Third Quarter
Grupo Cuervo posted net sales up 12.5% to MX$7 billion ($367m) in its fiscal third quarter ended in September, as volume rose 6.8% to 5.3 million 9-liter cases. Continue reading →
Posted in News on October 24, 2019Cuervo’s Sales Rise, But Agave Costs Cut Into Earnings
Grupo Cuervo’s sales continued to increase in the second quarter, but the Tequila giant warned that the rising cost of agave is holding down profits. Continue reading →
Posted in News on July 25, 2019Cuervo Posts Strong Start To 2019, With Sales Up By Double Digits
Grupo Cuervo has rocketed out of the gate in 2019, with first quarter sales rising 22.5% to MX$5.28 billion ($278m) and EBITDA up 6.8% to MX$1.15 billion ($60.4m). Continue reading →
Posted in News on April 30, 2019Cuervo Posts 6.2% Increase In North American Sales, But Warns Of Increasing Agave Costs
Grupo Cuervo enjoyed solid revenue growth in the U.S. and Canada last year, with its North American net sales up 6.2% to MX$18 billion ($939m), boosted by premiumization within the portfolio. Continue reading →
Posted in News on February 27, 2019
