Rémy Cointreau SA (REMYY)
| Previous close | 9.47 |
| Open | 9.47 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 9.47 - 9.64 |
| 52-week range | 9.41 - 19.67 |
| Volume | |
| Avg. volume | 87,161 |
| Market cap | 4.941B |
| Beta (5Y monthly) | 0.35 |
| PE ratio (TTM) | 25.03 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.31 (3.32%) |
| Ex-dividend date | 26 Sept 2023 |
| 1y target est | N/A |
- Reuters
Remy's shares soar on signs of US, China improvement
The maker of Remy Martin cognac and Cointreau liquor also reported third quarter sales that were largely in line with expectations and held its full-year guidance, though said its annual sales would be at the lower end of its 15% to 20% range. Inventory levels remained little changed right now but would normalise some time in the next financial year, chief financial officer Luca Marotta said. In China, "sharp destocking" ahead of Chinese New Year in February was temporary, Marotta said, with inventories expected to be at a healthy level after the celebration.
- Reuters
UPDATE 1-Remy has firepower for $1 bln acquisition, executives say
Remy Cointreau's balance sheet is strong enough to make a more than $1 billion acquisition without seeking additional resources, company executives said on Thursday. While the company's short-term focus remains on organic growth, Remy would also consider M&A opportunities including tequila and champagne brands, Chief Executive Eric Vallat said after the company reported a 43% drop in first-half operating profit. Chief Financial Officer Luca Marotta said that while bigger, transformative deals could require the company to seek additional resources, it could still make a hefty purchase based on the strength of its current balance sheet.
- Reuters
UPDATE 3-Remy seeks to fix US inventory problems by year-end, profits fall
Remy Cointreau aims to end the year with a "sound" level of stock in the United States, but it is unclear when this would start to move, its CEO said after the group reported a 43% fall in first-half operating profit. High levels of unsold inventories in the U.S. have become a key issue for the maker of Remy Martin cognac and Cointreau liqueur after they contributed to a cut in full-year guidance in October. The U.S. and China are the group's two key markets for cognac.
