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Brown-Forman's stock falls as revenue misses estimates. Remy Cointreau faces slow growth due to US decline and China disruptions. Remy Cointreau CEO emphasizes stock challenges in the US, cost discipline, price increases, and selective pricing strategy. Remy Cointreau reports FY24 results with sales down 19%, EBIT down 29%, and net profit down 37%. Dividend remains flat with scrip option for shareholders. WSJ notes the end of a profitable period for Remy Cointreau due to pandemic effects.
Heard on the Street: Sales of recreational items went from pandemic boom to inflationary bust. Some sellers were braced for the downturn. https://t.co/21hw7B9PXr https://t.co/21hw7B9PXr
It's a buyer's market for RVs, boats, and other pandemic toys. I wrote about the companies that are either sinking or thriving in the lean, post-pandemic environment and why - thanks @marcuslemonis & @Brunswick_Corp_ $THO $CWH $PII $BC $HZO https://t.co/UdhoZz8ekR
As Rémy Cointreau profits slump 30% and fine tequila becomes more popular, will American rap fans help French cognac rebound? https://t.co/PCNdUOFonR
