Remy Cointreau rises 3.7% on positive investor call
Remy Cointreau shares rose 3.7% after management pointed to improving underlying sell-out trends and continued market outperformance in the US during a conference call. The second quarter is expected to be positive for shipments, supported by Asia-Pacific resilience.
7% after a positive open conference call, with management pointing to improving underlying sell-out trends and continued outperformance in the US. Brokerage Bernstein said the second quarter is expected to be another positive period for shipments, mainly supported by resilience in the Asia-Pacific region. Bernstein added that recent retail data supports the company's encouraging signs on underlying sell-out trends in the US, and noted the upbeat tone comes ahead of second-quarter results. 2% YTD.