Rémy Cointreau SA (REMYY) Q3 2026 Sales/Trading Call Transcript

Core Insights - The company reported a 2.8% organic sales growth in Q3, driven by mixed regional trends, particularly strong performance in the U.S. for the fourth consecutive quarter [2] Group Performance - U.S. sales showed solid growth, supported by low comparisons and improved sequential depletions, although depletion rates remain negative [2][3] - EMEA region returned to growth in Q3, with contributions from both Cognac and Liqueurs & Spirits divisions [3] - China demonstrated resilience despite challenging market conditions, with a notable impact from the timing shift of the Chinese New Year, accounting for a 3-point effect in Q3 [3] Sales Breakdown - Q3 sales decline was characterized by an 8.7% volume increase and a 5.9% price/mix effect, primarily driven by Cognac sales in EMEA and China [4]