Campari confirms 2026 outlook after 3.4% rise in third quarter revenue
Campari confirms 2026 outlook after 3.4% rise in third quarter revenue MILAN, Oct 28 (Reuters) - Italian spirits group Campari CPRI.MI said on Wednesday its organic revenue was up 3.4% in the third quarter, beating market expectations, despite a slowdown in North America.
Net sales totalled €777 million in the third quarter, above an analysts consensus compiled by Visible Alpha of €769 million
Net sales rose 8% in Europe, while they declined 2% in North America in the quarter
Campari confirmed its full-year guidance for 2026 of around 3% organic topline growth
The group expects a "marginal" topline decline in the US in 2026
"We delivered our sixth consecutive quarter of organic topline growth while continuing to outperform and gain market share across our key markets, particularly in aperitifs and tequila," CEO Simon Hunt said in a statement
(Reporting by Elisa Anzolin;Editing by Elaine Hardcastle)
((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))