0920 GMT - Remy Cointreau's third quarter is expected to be the weakest of its fiscal year to March 2025, hit by destocking and market uncertainty, AlphaValue analyst Filippo Ercole Piva writes in a note. The French distiller has expressed an optimistic long-term outlook, stating that performance in the Americas and the Asia-Pacific regions should reach their lowest point in 3Q, the analyst says. From 4Q onward, the company forecasts a positive shift in trends. "We remain cautious as we await further information that could support the potential recovery currently underway," he adds. Shares are up 1.9% at 59.15 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 04:20 ET (09:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.