Three-month sales rise 12.8% to MXN9.58bn [US$529m]
Volumes to end of March up 3.9%
Jose Cuervo stable up 5.4% in reported terms, on +8.5% volumes
Cuervo has bounced back from its mooted finish to 2022, posting a double-digit rise in sales from the first three months of the current year.
The Mexico City-headquartered company, which runs its operations outside of Mexico as Proximo Spirits, saw its top line in the three months to the end of March rise by almost 13% on the corresponding period last year. The performance follows the +5.1% quarterly showing at the end of 2022, which s
Proximo Spirits starts 2023 in good shape – results data
Cuervo has bounced back from its mooted finish to 2022, posting a double-digit rise in sales from the first three months of the current year.

Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.


