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
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.
However, the 7% organic uptick in sales in the three months to the end of June represented a slowing of growth compared to the business’s buoyant first quarter results.
The company, owner of a stable of Tequilas pl
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- AB InBev
- Bacardi
- Campari Group
- Diageo
- Moët Hennessy
- Pernod Ricard
- Proximo Spirits
- Suntory Global Spirits
- William Grant & Sons
