Remy Cointreau falls as cognac sales beat fails to calm US, China concerns

Remy Cointreau SA

29/07/2026 10:58

** Shares in Remy Cointreau RCOP.PA fall 5.2% after the French spirits maker's Q1 results failed to reassure investors on cognac recovery in the U.S. and China
** "The U.S. cognac market is not yet fixed," Barclays says, adding that better U.S. trends have so far reflected execution and market-share gains rather than a meaningful change in consumer demand
** "The real test will be the mid-autumn trading festival," Barclays says, noting that Chinese value depletions remained negative in Q1 despite stronger e-commerce activity
** Cognac sales rose 7.7% organically in Q1, beating expectations of 1.3%, while liqueurs and spirits fell 6.6% organically
** Up to Tuesday's close, the shares were up 32.4%​ YTD

(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))