Rémy Cointreau $RCO FY27Q1 (Apr-Jun) Sales Update

Sales +1.3% organic (volume -1.5%, price/mix +2.7%)

• Cognac +7.7%, L&S -6.6%
• L&S: tough market in EMEA, 2 retailers destocking

Value depletions

• US "slightly negative"
• China down LSD
• EMEA up LSD-MSD

China: "Challenging but some green shoots"

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