Campari Reports Q3 Revenue of €777 Million, Shares Fall 6.43%
Revenue rose 3.3% organically and exceeded the €769 million consensus estimate. Campari confirmed its full-year organic revenue growth guidance of 3%, citing weakness in North America offset by strong European trends.
Campari Group announced its third-quarter 2026 financial results, reporting revenue of €777 million, which surpassed the consensus estimate of €769 million and represented 3.3% organic growth. Despite the revenue beat, the company's shares experienced a significant decline on the Piazza Affari, falling by 6.43% to €6.14. The negative market reaction was driven by a cautious outlook for the U.S. market, where the company reported weak performance in parts of its portfolio.
Management confirmed its full-year organic revenue growth guidance of 3%, noting that strong trends in Europe were offset by the weakness in North America. Following the release, analysts at firms such as Equita adjusted their earnings estimates and target prices to reflect the challenging U.S. environment.