China

Remy Cointreau Braces For Sharp Drop In Sales As No Sign Of US Recovery

Remy Cointreau braced investors on Thursday for a bigger than expected fall in annual sales, citing weakness in its key US market.

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid tariffs, staff briefed by management have said.

AB InBev reported third-quarter profits, revenues and volumes behind forecasts on Thursday, sending its shares down almost 4%.

Carlsberg is shifting some of its marketing focus as consumers opted for cheaper beer, but maintained its full-year earnings forecast.

Mondelēz International beat third-quarter revenue and profit estimates on Tuesday on a rebound in demand and higher prices.

L’Oréal has reported a rise in third quarter sales that missed expectations due to low consumer confidence in China.

Kleenex tissue maker Kimberly-Clark cut its full-year organic net sales forecast after missing Wall Street estimates for Q3 sales on Tuesday.

Carlsberg lifted its forecast for full-year operating profit growth on Tuesday despite posting weaker-than-expected sales for Q2.

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