Dow Jones Newswires: Remy Cointreau confirms outlook as revenue rises

October 25, 2022

By Kim Richters

Remy Cointreau SA on Tuesday confirmed its outlook for fiscal 2023 after second-quarter sales increased.

The French cognac maker said sales for the July-to-September period rose to 457.2 million euros ($451.5 million) from EUR352.2 million a year earlier.

For the current fiscal year, the company sees strong organic growth with a normalization of consumption trends in the second half. It expects its gross margin to be resilient despite an inflationary environment, and it plans to tightly control overhead costs, Remy said.

Write to Kim Richters at kim.richters@wsj.com

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