Dow Jones Newswires: Remy Cointreau warns of sharp fall in revenue in fiscal first half 2024, then recovery


Remy Cointreau SA on Friday forecast organic sales will remain stable in the year ahead after it reported higher sales for the fourth quarter and fiscal 2023 as a whole.

The French cognac maker FR:RCO said it anticipates a sharp sales decline in the first half of fiscal 2024, due to weakness in the U.S. and high year-earlier comparisons, and a strong recovery in the second half driven by a U.S. rebound that is expected to start in the third quarter.


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