Cointreau

French spirits group Rémy Cointreau stated in a recent financial report that it’s also expecting a decrease in sales due to more consumers growing weary of inflation-fueled food prices.

Luxury firm LVMH, which produces Hennessy, fell more than 3%, while Remy Cointreau, which makes Remy Martin, fell more than 8%.

Using a food processor, combine condensed milk, tequila, Cointreau, lime juice, and strawberries.

After steep declines in sales in the first half, the maker of Remy Martin cognac and Cointreau liquors had been anticipating a rebound in the remainder of the year, led by a sharp increase in U.S. sales starting in the third quarter.

"Remy Cointreau is determined to protect its 2023-24 profitability through tight cost controls," it said.