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RCO — Remy Cointreau SA News Story

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Remy Cointreau shares drop 8% after FY outlook cut

** Shares in Remy Cointreau RCOP.PA drop around 8% after the French spirits maker reported Q2 sales miss and cut its FY outlook

** Q2 sales came in at 268.8 million euros ($313.47 million), down 11% organically and below forecast for a 9% decline in a company-compiled consensus

** Jefferies says the organic growth cut is not a surprise, but the operating profit one points to the impact of operating deleverage

** The brokerage also notes low visibility on timing of recovery

** If losses hold, shares will see their worst day since early 2024

** Stock at the bottom of France's SBF 120 .SBF120 index

($1 = 0.8575 euros)

 (Reporting by Michal Aleksandrowicz)

 ((michal.aleksandrowicz@tr.com))

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