Exclusive news and research on the wine, spirits and beer business

Tag Archive: Grupo Cuervo

Tequila’s Off-Premise Surge Drives Strong Growth For Cuervo

Grupo Cuervo posted a robust set of results for its fiscal second quarter ended in June, as consumers flocked to the Tequila category in the off-premise channel amid the global pandemic. Continue reading →

Posted in News on July 23, 2020

Cuervo Ups Stake In Proper No. Twelve To 49%

Grupo Cuervo has increased its stake in Conor McGregor’s Eire Born Spirits LLC, owner of Proper No. Twelve Irish whiskey, to 49%. Continue reading →

Posted in News on May 4, 2020

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, 2020

Cuervo’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, 2020

Cuervo 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, 2019

Cuervo’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, 2019

← Older posts