Cuervo finishes slow but 2022 still impresses – results data

Sales in final quarter of 2022 rise 5.1% to MXN13.8bn [US$743.4m] Full-year finishes up 16% at MXN45.73bn Pronounced slowing of growth rate from year-to-date's +21.4% Cuervo has had a relatively disappointing finish to 2022, with its healthy growth rates earlier in the year decelerating in the final quarter. Following on from a 20%+ rise in sales from the first nine months, the Mexico-based spirits group saw its top-line in the three months to the end of December increase by only 5%. Despite the slower showing, full-year sales were still strong, lifting 16% on 2021. Th