Remy Cointreau Expects Growth to Bounce Back Despite Market Headwinds

Remy Cointreau RCO -0.56%decrease; red down pointing triangle said it is confident of returning to growth in its fiscal second half despite persistent market challenges from lower demand and tariffs.

The owner of Remy Martin said that for the six months through September its preferred metric, current operating profit, slid 26% on year to 108.7 million euros ($126 million), beating a company-compiled consensus forecast of 104.3 million euros.