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RCO Remy Cointreau SA News Story

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Brief: Remy Cointreau needs pricing flexibility but will remain premium, CEO says

BRIEF-Remy Cointreau needs pricing flexibility but will remain premium, CEO says 

- Remy Cointreau RCOP.PA CEO Franck Marilly and deputy CEO and CFO Luca Marotta tell analysts in a call:

  • REMY CFO: BIG PART OF OUR PROFIT TARGET WILL BE DELIVERED VIA HIGHER SALES AND EFFICIENCIES IN AP AND PROCUREMENT


  • REMY CFO: WE ARE PRESERVING FLEXIBILITY IN HOW WE ALLOCATE ADDITIONAL PROFITS


  • REMY CEO: THE NEW REMY MARTIN INNOVATION IS A MORE AFFORDABLE VERSION


  • REMY CEO: WE PUT IN PLACE NEW LEADERSHIP IN THE U.S


  • REMY CEO: WE NEED PRICING FLEXIBILITY, BUT WE WILL REMAIN PREMIUM


  • REMY CEO: WE NEED TO BUILD UP IN U.S. CONVENIENCE STORES AND OTHER CHANNELS WE HAVE NOT BEEN EXPOSED TO SO FAR


  • REMY CEO: COGNAC IS A PRIORITY IN US BUT ALSO COINTREAU AND THE BOTANIST GIN


  • REMY CEO:WE WILL FOCUS ON THE MAJOR U.S. STATES


  • REMY CEO: U.S. AFRICAN AMERICAN CONSUMERS ARE NOT BUYING AS MUCH COGNAC, WE NEED TO BROADEN OUR CONSUMER BASE


  • REMY CEO: CHINESE CONSUMER IS MORE CAUTIOUS, LESS EXTRAVAGANT, SO YOU NEED TO DIVERSIFY OCCASION, BE LESS RELIANT ON GIFTING


  • REMY CFO: WE EXPECT TO BE POSITIVE IN TERMS OF SALES IN APAC AND CHINA IN 2026/27

Source text: [ID:]

Further company coverage: RCOP.PA


(Reporting By Emma Rumney, Dominique Vidalon)

((dominique.vidalon@thomsonreuters.com;))

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