Rémy Cointreau Beats Q2 Sales Forecasts; Shares Slip
Rémy Cointreau beat Q2 sales forecasts, while its shares fell as recovery doubts lingered.
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09:26:13 AM UTC
SquawkNews
French spirits group Remy Cointreau EURONEXT:RCO posted a 4.2% rise in organic second-quarter sales on Wednesday, beating forecasts as cognac shipments to China accelerated ahead of the Mid-Autumn Festival, but its shares fell 5% as investors took a cautious view of the recovery.The group is seekin…