US EditionRémy Cointreau Cuts Targets After Sales Drop, Warns of Tariff Headwinds
- On June 4, 2025, French spirits company Remy Cointreau announced it cut its long-term 2029-2030 sales targets amid a sales and profit drop mainly affecting its US and China markets.
- The company cited tariff pressures from US and China trade disputes, weak luxury demand, and macroeconomic uncertainty as reasons forcing it to withdraw these growth objectives.
- Remy reported a 4.8% sales decline to €984.6 million and a 30.5% operating profit drop to €217 million in fiscal 2024/2025, partially offset by €85 million in cost savings.
- The company warned that tariff increases could reduce operating profit by up to €100 million gross, but expects to mitigate about 35% through operational actions, limiting net impact to €65 million.
- Incoming CEO Franck Marilly, appointed on June 25, 2025, will establish a new strategic roadmap focused on more modest mid-single-digit sales growth amid ongoing global trade tensions.
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The group of spirits Rémy Cointreau announced on Wednesday that it would give up its targets for 2029-30 due to "the geopolitical uncertainties related to the tariff policies of China and the United States", when it published an annual net profit in decline of 34.4%.
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Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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