In the face of normalization and a slowdown in consumption in the United States, Cognac experienced lower-than-anticipated trading during Q4 23. The market’s overreaction is attributed to the FY 24 outlook.
30 Apr 2023
Clouded outlook has caused Remy Cointreau's stock to collapse
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Clouded outlook has caused Remy Cointreau's stock to collapse
- Published:
30 Apr 2023 -
Author:
Davide Amorim -
Pages:
3
In the face of normalization and a slowdown in consumption in the United States, Cognac experienced lower-than-anticipated trading during Q4 23. The market’s overreaction is attributed to the FY 24 outlook.