By Kim Richters
Remy Cointreau SA on Tuesday confirmed its outlook for fiscal 2023 after second-quarter sales increased.
The French cognac maker said sales for the July-to-September period rose to 457.2 million euros ($451.5 million) from EUR352.2 million a year earlier.
For the current fiscal year, the company sees strong organic growth with a normalization of consumption trends in the second half. It expects its gross margin to be resilient despite an inflationary environment, and it plans to tightly control overhead costs, Remy said.
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