Rémy Cointreau SA (EPA: RCO) reports negative organic net revenue for H1 FY2026/27 (July–December 2026, approx. February 2027) on a year-on-year basis (confirmed by Rémy Cointreau press release or Bloomberg)
Rémy Cointreau has suffered multiple quarters of negative organic revenue from cognac destocking cycles in the US and China. The group has repeatedly reported negative organic growth rates. Despite possible recovery signals in the Asian market following the end of the US-China tariff crisis, a trend reversal to positive growth in H1 FY2026/27 (July–December 2026) appears premature: the US consumer remains cautious on premium spirits, and the Chinese cognac market is recovering slowly. Peer group supports this view: open platform predictions also expect negative organic revenue for Campari and LVMH Wines & Spirits.
65%