{"id":59643,"date":"2026-04-30T04:36:57","date_gmt":"2026-04-30T08:36:57","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/french-spirits-company-ends-sales-slump-but-misses-analyst-targets\/"},"modified":"2026-04-30T04:36:57","modified_gmt":"2026-04-30T08:36:57","slug":"french-spirits-company-ends-sales-slump-but-misses-analyst-targets","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/french-spirits-company-ends-sales-slump-but-misses-analyst-targets\/","title":{"rendered":"French Spirits Company Ends Sales Slump But Misses Analyst Targets"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

French luxury spirits producer Remy Cointreau ended a troubling streak of declining annual sales on Thursday, but the company’s modest recovery failed to meet investor expectations and sent shares tumbling.<\/p>

The manufacturer behind Remy Martin cognac and Cointreau liqueur achieved a slim 0.2% increase in organic sales for the year, marking its first positive annual performance since 2023. However, this growth rate came in below what financial analysts had predicted.<\/p>

Stock prices for Remy dropped 2.5% by mid-morning London trading, performing worse than the broader French market which fell approximately 1%.<\/p>

The company’s flagship cognac division, which has struggled with weakening consumer demand in recent years, also delivered results that disappointed market watchers.<\/p>

New Chief Executive Franck Marilly, who assumed leadership in June, had pledged to turn around the company’s fortunes and reduce its sensitivity to economic downturns. His strategy includes potentially lowering cognac prices to boost sales volume.<\/p>

Marilly plans to unveil his comprehensive turnaround strategy in June. When presenting half-year results in November, he declared that 2026 would usher in a transformative period for Remy Cointreau.<\/p>

The spirits company has faced significant headwinds from rising consumer costs and trade tariffs in its primary markets of the United States and China.<\/p>

Additionally, ongoing conflict in Iran has disrupted duty-free airport sales of premium beverages and threatens to further weaken demand while driving up costs for bottles, grains and other production materials.<\/p>

Fourth-quarter cognac sales showed improvement with a 15.5% increase, bolstered by strong Chinese market performance. The company attributed this to benefiting from what it called a “very favourable” comparison to weak results from the previous year.<\/p>

In the Americas region, Remy reported a “slight decline” overall, though efforts to revitalize U.S. sales of lower-priced Remy Martin cognac helped improve performance compared to the third quarter.<\/p>

Barclays analyst Laurence Whyatt noted that while Remy’s fourth quarter demonstrated momentum, much of this was due to timing factors rather than underlying strength.<\/p>

“Overall, this was a weaker print than expected,” Whyatt stated. “The results do little to change the broader narrative of timing-driven volatility and still-challenging underlying demand conditions.”<\/p>","protected":false},"excerpt":{"rendered":"

Remy Cointreau, maker of premium cognac and liqueur, posted its first annual sales increase since 2023 but the modest 0.2% growth fell short of Wall Street expectations. The company’s stock dropped 2.5% following the announcement as investors remained concerned about weak demand in key markets.<\/p>\n","protected":false},"author":4,"featured_media":59642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-59643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1777538217102.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-fvZ","jetpack-related-posts":[{"id":52884,"url":"https:\/\/tvdelmarva.com\/wp\/french-spirits-giant-sees-iran-conflict-threatening-annual-sales-despite-q3-growth\/","url_meta":{"origin":59643,"position":0},"title":"French Spirits Giant Sees Iran Conflict Threatening Annual Sales Despite Q3 Growth","author":"Admin","date":"April 16, 2026","format":false,"excerpt":"Pernod Ricard, the French maker of Absolut vodka and Martell cognac, posted better-than-expected quarterly sales growth but cautioned that ongoing conflict in Iran is dampening tourism and hurting its travel retail operations. The company, currently in merger discussions with U.S. competitor Brown-Forman, anticipates a decline in full-year revenue despite the\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776320497644.jpg?fit=450%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22973,"url":"https:\/\/tvdelmarva.com\/wp\/french-spirits-giant-shows-signs-of-recovery-after-tough-first-half\/","url_meta":{"origin":59643,"position":1},"title":"French Spirits Giant Shows Signs of Recovery After Tough First Half","author":"Admin","date":"February 19, 2026","format":false,"excerpt":"Major French liquor company Pernod Ricard saw sales drop 5.9% in the first half of their fiscal year, but the decline slowed in the second quarter. The maker of popular brands like Absolut vodka and Mumm champagne faced challenges from weak demand in the U.S. and China.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771485461579.jpg?fit=450%2C321&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":23057,"url":"https:\/\/tvdelmarva.com\/wp\/french-liquor-giant-sees-profits-drop-as-us-china-demand-falls\/","url_meta":{"origin":59643,"position":2},"title":"French Liquor Giant Sees Profits Drop as US, China Demand Falls","author":"Admin","date":"February 19, 2026","format":false,"excerpt":"Pernod Ricard, the French company behind Absolut vodka and Martell cognac, reported declining sales and profits in the first half of its fiscal year. The spirits maker faced challenges in key markets including the US and China, though it maintains optimistic long-term growth projections despite industry-wide struggles.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771499942490.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49746,"url":"https:\/\/tvdelmarva.com\/wp\/sazerac-eyes-potential-bid-for-jack-daniels-parent-company-brown-forman\/","url_meta":{"origin":59643,"position":3},"title":"Sazerac Eyes Potential Bid for Jack Daniel’s Parent Company Brown-Forman","author":"Admin","date":"April 9, 2026","format":false,"excerpt":"American spirits company Sazerac is reportedly considering a potential acquisition of Brown-Forman, the maker of Jack Daniel's whiskey. This would create competition for French company Pernod Ricard, which is already in merger discussions with Brown-Forman.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775762577804.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":26947,"url":"https:\/\/tvdelmarva.com\/wp\/global-spirits-giant-diageo-cuts-forecasts-again-as-us-sales-drop\/","url_meta":{"origin":59643,"position":4},"title":"Global Spirits Giant Diageo Cuts Forecasts Again as US Sales Drop","author":"Admin","date":"February 25, 2026","format":false,"excerpt":"Diageo, the world's largest spirits company behind brands like Johnnie Walker and Guinness, has reduced its financial outlook for the second time in four months. The company cited weakening demand in the US and China, with American sales falling over 9% as consumers face budget pressures.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772009134743.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":51676,"url":"https:\/\/tvdelmarva.com\/wp\/bourbon-company-sazerac-challenges-pernods-bid-for-jack-daniels-owner\/","url_meta":{"origin":59643,"position":5},"title":"Bourbon Company Sazerac Challenges Pernod’s Bid for Jack Daniel’s Owner","author":"Admin","date":"April 14, 2026","format":false,"excerpt":"Private bourbon distiller Sazerac has approached Brown-Forman about a potential merger, disrupting ongoing talks between the Jack Daniel's maker and French spirits giant Pernod-Ricard. Industry analysts believe Pernod remains the frontrunner due to its global distribution network and ability to offer a stock swap deal that would preserve some control\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776144136777.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/59643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=59643"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/59643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/59642"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=59643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=59643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=59643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}