Tag Archive: Grupo Cuervo

Cuervo Posts $2.2 Billion In Sales, With Higher-End Tequilas Lifting Margins

Grupo Cuervo saw net sales slip 3% to $2.2 billion organically at constant currency last year on volume down 6% to 25 million cases. Continue reading →

Activist Investor Marathon Urges Cuervo To Relist On “Major Global Stock Exchange”

New York-based Marathon Partners has urged Grupo Cuervo (Becle) to relist its shares on a “major global stock exchange” to unlock shareholder value. Continue reading →

Cuervo’s U.S. Volumes Slip In Second Quarter

Grupo Cuervo saw price increases impact its North American volumes in the second quarter, as the company cited “pressure on profitability, primarily driven by exchange rate appreciation, input cost inflation, and region mix headwinds.” Continue reading →

Proximo Taps Celebrity Tequila Space, Launching Gran Coramino With Kevin Hart

Cuervo Posts Full-Year Sales Up 12.5% To $1.9 Billion

Grupo Cuervo saw net sales grow 12.5% to $1.9 billion in its fiscal year through December on volume up 8% to 25.6 million 9-liter cases. Continue reading →

Supply Chain Issues Slow Cuervo’s U.S. Sales In The Third Quarter

Grupo Cuervo posted sales down 7.9% to approximately $470 million in its fiscal third quarter ended in September, reflecting supply chain challenges and tough year-over-year comps in the U.S. and Canada. Continue reading →