Cognac gloom eases in US as Moët Hennessy sees sales falls soften – results data

Sales from second quarter - to end of June - down 5% to EUR1.39bn (US$1.51bn)Improvement on Q1's -12% as half-year finishes at -9%, EUR2.81bnCombined cognac & spirits sales fall 10% in H1 to EUR1.41bnSix-month champagne & wine sales at -8%, EUR1.39bnThe worst of times in the US for cognac could be drawing to an end with Moët Hennessy noting a return to volume growth for its Hennessy brand in Q2.In the three months to the end of June, total sales for the LVMH division declined by 5%, bettering the -12% showing in the first quarter of 2024. Subsequently, the top-line stood at -9% in the