- Remy is a clear play on the global premiumization trend, as virtually all of the company's products are premium.
- Management is looking to fix its lagging share in the higher-margin XO cognac category, and is looking to manage the business less on price and more on margin.
- Management also wants to give more attention to its non-coganc brands, including Cointreau and The Botanist gin, both of which can be bigger contributors with some brand investment.
- It takes some stretching to make the case that Remy Cointreau is meaningfully undervalued, but management is advancing a plan to accelerate both revenue growth and margin leverage.
For further details see:
Remy Cointreau - A Premium Distiller Trading At A Premium Price