By Nina Kienle

Shares in Remy Cointreau rose on Thursday after the French luxury liquor company logged third-quarter sales that beat market expectations, as it continues to seek a return to growth after a challenging period for the sector.

In European morning trade, shares rose 7.7% at 42.2 euros. Shares trade 15.2% higher in the year to date.

The Paris-based company said for the three month period ended in December sales amounted to 245.8 million euros ($293.9 million), beating consensus estimate of 242.7 million euros, according to a company-compiled forecast. The figure was lower than the 254.1 million euros posted in the prior year's period, as the company continued to see depletions decline across all regions.

In the fiscal third quarter, the Americas region logged solid sales growth, while Asia-Pacific noted a slight decline on challenging conditions in China, the company said. The Europe, Middle East and Africa region returned to growth during the period, supported by a strong performance of its two divisions.

Remy Cointreau backed its guidance for fiscal 2026. It continues to expect organic sales to remain stable or grow by low single digits, as well as an organic decline in current operating profit of between low-double digits and mid-teens.

Meanwhile, the company also said that the transformation plan announced at the end of the 2025 entered its execution phase. The initiative is expected to help enable the group to define and prioritize value-creation levers, it added.

While J.P Morgan analysts expected a positive share reaction, they noted potential risks to earnings for fiscal 2026 on continued depletion declines and pricing pressures in fiscal 2026.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

January 29, 2026 04:09 ET (09:09 GMT)

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