Brief: Remy Cointreau needs pricing flexibility but will remain premium, CEO says
BRIEF-Remy Cointreau needs pricing flexibility but will remain premium, CEO says June 4 (Reuters) - 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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