Campari Earnings: Signs of a Slowdown, Yet Still ... - Morningstar

Oct 29, 2024 · Morningstar is an investment research company offering mutual fund, ETF, and stock analysis, ratings, and data, and portfolio tools. Discover actionable insights today. ... Campari Earnings: Signs ...

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Campari Shares Tumble 15% After Results Miss Expectations

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Oct 30, 2024 · MILAN (Reuters) -Shares in Campari were on course for their biggest single-day drop in more than four years on Wednesday after the Italian spirits group significantly missed …

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Campari Shares Tumble 15% After Results Miss Expectations - U.S.

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Oct 30, 2024 · Net sales for Campari, whose products include the popular Aperol aperitif, fell by 1.4% to 753 million euros ($816 million) in the third quarter, while analysts expected a rise to …

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Campari Earnings: In Line With Forecasts As Campari ... - Morningstar

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Feb 27, 2024 · By region, Campari's North, Central, and Eastern Europe and Asia-Pacific divisions drove growth, with 18.7% and 20.7% full-year organic growth, respectively, but …

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Campari Profit Drops As Sales Disappoints, Launches Buyback

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Oct 29, 2024 · Operating profit was 132.9 million euros, down 9.8%. On an adjusted basis, operating profit fell 13.3% to 139.4 million. Analysts forecast the metric at 180.8 million euros, …

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Campari's Third-quarter Operating Profit Drops 18% | Reuters

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Oct 29, 2024 · Campari missed forecasts on Tuesday with an 18.2% drop in third-quarter operating profit and the Italian spirits maker warned its fourth-quarter results would be hit by …

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Campari Shares Plummet As Bad Weather, US Slowdown Drive Big …

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By Elisa Anzolin and Emma Rumney. MILAN (Reuters) -Shares in Campari (LON: 0ROY) plunged over 13% on Thursday after the Italian spirits group significantly missed analyst expectations …

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Campari Profit Drops With Bad Weather, Weaker Demand Taking …

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Oct 29, 2024 · Davide Campari-Milano NV shares plunged after it said profit dropped in the ... The Aperol maker’s adjusted earnings before interest and taxes fell 13% from the year-earlier …

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Campari CEO Signs Off With Profit Increase, Bright Outlook

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Feb 27, 2024 · Campari, which plans to relocate to a new headquarters in the centre of Milan in 2027, is proposing a full year dividend of 0.065 euros per share, an increase of more than 8% …

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FAQs about Campari Earnings: Signs of a Slowdown, Yet Still ... - Morningstar Coupon?

Why did Campari shares drop 15%?

MILAN (Reuters) -Shares in Campari were on course for their biggest single-day drop in more than four years on Wednesday after the Italian spirits group significantly missed analysts' third-quarter earnings expectations. Campari shares were down 15% at 1000 GMT, bringing the overall decline since the beginning of the year to around 35%. ...

Will Campari see a 5% decline in 2024 earnings per share?

“Campari may see a 2024 adjusted earnings per share decline of about 5%, as consumers continue to shun going out to bars and restaurants,” Bloomberg Intelligence’s Duncan Fox wrote in a note. Campari is still seeking a new CEO after the abrupt departure of Matteo Fantacchiotti and said it will conclude the search by the first half of 2025. ...

What boosted Campari's operating profit last year?

Campari's operating profit reached 619 million euros ($671 million) last year, boosted by price increases, which helped to cushion the impact of input cost inflation and investments and a negative currency effect. Campari's shares were up 5% at 1450 GMT. ...

Why are Campari shares down 15% at 1000 GMT?

Campari shares were down 15% at 1000 GMT, bringing the overall decline since the beginning of the year to around 35%. Spirits makers have been facing lacklustre demand after a boom in sales in the post-pandemic years came to an end. ...

Why did Davide Campari-Milano's third quarter profit fall?

Aperol maker Davide Campari-Milano's profit for the third quarter, fell driven by disappointing sales and already committed infrastructure investments. The Italian distiller on Tuesday said sales for the third quarter rose to 753.6 million euros ($814.9 million) on a reported basis from 743.5 million euros in the same prior-year period. ...

Will Campari's net sales grow at a low-single digit?

MILAN, Oct 29 (Reuters) - Italian spirits group Campari (CPRI.MI) said on Tuesday it expects its net sales to grow at a low-single digit in the remaining part of the year, after its third quarter net sales unexpectedly fell 1.4%. Adjusted operating profit declined by 18.2% in the quarter ending in September. ...