“Excellent momentum in the U.S. and Mainland Chine enabled Remy Cointreau to generate sales of $347.37 million, a 105% increase organically in the first quarter, the company said. On a constant currency basis, sales were up 36.5%compared with the pre-pandemic first quarter of 2019/2020.
The Cognac division was up 114.4% organically, and Liqueurs and Spirits was up 90.5% in organic terms.
In the U.S., Cognac continued to benefit from sustained demand highlighting the resistance of off-premise consumption and a strong recovery on-premise.