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Proximo Spirits “encouraged” by momentum as Q2 sales rise – results data

Intel Reporter
Last updated: 31/07/2023 at 12:00 AM
By Intel Reporter
31 July 2023
1 Min Read

Tequila and spirits business Cuervo – known outside Mexico as Proximo Spirits – posted another revenue gain in its second quarter, despite “difficulties” linked to input costs and region mix headwinds.


Cuervo portfolio 2022
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  • Second quarter sales up +7% to MXN11.07bn [US$661.2m]
  • Volumes slip in US and Canada thanks to price increases
  • Cuervo revenues edge up on 5.5% volume gain

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