Remy Cointreau SA

Grey Market:REMYYUnited States

Yesterday

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• DJ Remy Cointreau's Long-Term Story Remains Attractive -- Market Talk, from 5:55AM ET on Thursday Nov 28, 2024 by Dow Jones

  5:55AM ET on Thursday Nov 28, 2024 by Dow Jones
  Companies Mentioned: REMYY
  
  1055 GMT - Remy Cointreau's long-term business is still compelling despite current woes, Jefferies analysts Edward Mundy and Andrei Andon-Ionita write in a note. Like other drinks makers, the French beverage group is currently grappling with a challenging environment in two of its key markets, the U.S. and China. However, the cognac category continues to be one of the most attractive spirits categories, the analysts say. It has high barriers to entry and accounts for around 90% of the group's profits, according to Jefferies estimates. The company reiterated its mid-term guidance and expects a gross margin of 72% and a current operating margin of 33% for its fiscal year 2030. This implies significant recovery from here, the analysts say. Shares are up 4.9% at 60.20 euros. (andrea.figueras@wsj.com)
  

• DJ Remy Cointreau's Targets for Fiscal Year 2030 Seem Challenging -- Market Talk, from 5:25AM ET on Thursday Nov 28, 2024 by Dow Jones

  5:25AM ET on Thursday Nov 28, 2024 by Dow Jones
  Companies Mentioned: REMYY
  
  1023 GMT - Remy Cointreau's guidance for fiscal 2030 seems difficult to achieve given that current business conditions are extremely challenging, Barclays analysts say in a note to clients. The French liquor company targets a gross margin of 72% and a current operating margin of 33%, based on its 2020 footprint and exchange rates. The group could be hit by the implementation of tariffs in China and the U.S., the analysts say. Much can change in the next five years, but without significant improvements in the geopolitical outlook, it will be difficult for Remy to meet its targets, the analysts say. Shares are up 4.7% at 60.10 euros. (andrea.figueras@wsj.com)
  

• DJ Remy Cointreau's Outlook Could Prompt Cut to Consensus -- Market Talk, from 5:05AM ET on Thursday Nov 28, 2024 by Dow Jones

  5:05AM ET on Thursday Nov 28, 2024 by Dow Jones
  Companies Mentioned: REMYY
  
  1005 GMT - Remy Cointreau's full-year guidance could prompt cuts to consensus, Stifel analyst Cedric Lecasble writes in a research note. The French distiller forecasts a sales drop of between 15% and 18% for fiscal 2025, while analysts had anticipated a 13% fall, according to a company-compiled consensus. The group expects to reach a current operating margin of between 21% and 22% on an organic basis, which compares with analysts' expectations of 24.4%. The company's guidance implies further downward earnings revisions from consensus at both the top line and margins, the analyst says, adding that visibility remains low. Shares are up 5.2% at 60.40 euros. (andrea.figueras@wsj.com)
  

• DJ Remy Cointreau Expects Sales Slump Amid Challenges in China, U.S. -- Update, from 4:34AM ET on Thursday Nov 28, 2024 by Dow Jones

  4:34AM ET on Thursday Nov 28, 2024 by Dow Jones
  Companies Mentioned: REMYY
  
  By Andrea Figueras
  
  Remy Cointreau forecast a steeper sales drop and weaker profitability for its fiscal year than analysts expected, as European distillers grapple with mounting challenges in the U.S. and China.