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Remy Cointreau lifts profit view on US tariffs deal
Published by Global Banking & Finance Review®
Posted on August 29, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 29, 2025
2 min readLast updated: January 22, 2026
Remy Cointreau has improved its profit forecast for 2025/26 due to a reduced impact from US tariffs, expecting a net impact of 20 million euros.
By Dominique Vidalon and Alessandro Parodi
(Reuters) -French spirits maker Remy Cointreau on Friday raised its full-year 2025/26 profit outlook, citing a lower-than-anticipated blow to its business from U.S. tariffs of 15% agreed last month on European Union imports.
Sales have slumped in Remy Cointreau's key U.S. and Chinese markets in recent years, forcing the company into multiple guidance downgrades and to scrap medium-term sales targets. It said in June, though, that the worst was over.
Remy said on Friday it now expects a net impact of 20 million euros ($23.41 million) from U.S. tariffs on its current operating profit for the 2025-2026 fiscal year, down from 35 million it estimated previously.
The estimated hit from Chinese tariffs of 10 million euros remained unchanged and Remy now expects an overall blow from global tariffs of 30 million euros, down from 45 million it estimated previously.
As a result, the maker of Remy Martin cognac now expects an organic percentage decline in full-year 2025-2026 current operating profit of mid-single-digit, an improvement from the mid-to high-single-digits percentage it previously anticipated.
The company makes around 70% of its sales from cognac, mostly in the U.S. and China, leaving it more exposed to tariffs and economic downturns than more diversified rivals.
On Thursday, rival Pernod Ricard also revised down to 80 million euros its annualised ($93.66 million) impact from tariffs imposed by the United States and China, against 200 million previously.
($1 = 0.8542 euros)
(Reporting by Alessandro Parodi; Editing by Christopher Cushing and Tomasz Janowski)
Remy Cointreau now expects a net impact of 20 million euros from U.S. tariffs on its current operating profit for the 2025-2026 fiscal year.
Sales have slumped in Remy Cointreau's key U.S. and Chinese markets, leading to multiple guidance downgrades and the scrapping of medium-term sales targets.
The company expects an organic percentage decline in full-year 2025-2026 current operating profit of mid-single-digit, an improvement from previous estimates.
Remy Cointreau makes around 70% of its sales from cognac, primarily in the U.S. and China, making it more exposed to tariffs than more diversified competitors like Pernod Ricard.
Previously, Remy Cointreau estimated the impact from U.S. tariffs to be 35 million euros, which has now been revised down to 20 million euros.
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