Tag Archive: Grupo Cuervo
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, 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, 2019Proximo Spirits Names Michael Keyes As President And CEO
After a lengthy search, Proximo Spirits has announced that Michael Keyes will be its next president and chief executive. Continue reading →
Posted in News on January 30, 2019Grupo Cuervo Posts Sales And Volume Rises In The U.S. Market As Operating Profit Dips
Grupo Cuervo’s volumes in the U.S. and Canada rose by 4.6% to 2.8 million cases in its third quarter ended September 30, 2018, the company reported today. Continue reading →
Posted in News on October 26, 2018
