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Remy Cointreau, France's second largest alcohol producer, reported an acceleration in organic revenue growth in the second fiscal quarter to 9.1% from 5.9% in the previous quarter. Experts had expected less significant acceleration – up to 7.8%. The size of quarterly revenue amounted to 304 million 700 thousand euros. The company reported that high demand in China had a positive effect on sales growth, as well as a change in its sales strategy, which is reflected in a shift from low-cost to more expensive brands. Growth in sales of cognac Remy Martin was 11.7%. Liquors and strong alcohol in the reporting period were sold 0.8% more than in the previous quarter, but the company predicts that in the next quarter their growth will be more significant.
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Thursday, the semiconductor manufacturing company Broadcom Inc. (AVGO.O) posted its second-quarter revenue estimates worth $5.742 billion and suggests a delay on the Apple Inc.’s (AAPL.O) iPhone 12 launch on the first week of September ...
On Thursday, American multinational warehouse club operator Costco Wholesale Corp. (COST.O) reported a 7.5% decline in its third-quarter revenue. The retail company spent $300 Million on incremental wages and extra sanitation costs amid the ...
On Wednesday, American computer manufacturer Micron Technology Inc (MU.O) raised its revenue forecast to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion for the third quarter. The company's shares jumped to 3.7% in ...
Box Inc. predicted its first-quarter revenue to beat Street estimates due to higher demand for its online software products, causing its shares to gain 9% in extended trading. The company beat fourth-quarter profit and revenue, lifted by its ...
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