Campari Group shares tumble as Q3 results miss expectations

Oct 30, 2024 · Italian spirits heavyweight Campari Group saw its shares slide today (30 October) after a set of third-quarter results that missed market expectations.

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Campari Shares Tumble 15% After Results Miss Expectations

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Oct 30, 2024 · 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 …

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Campari Shares Tumble 15% After Results Miss Expectations

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Oct 30, 2024 · Campari shares tumble 15% after results miss expectations ... on Wednesday after the Italian spirits group significantly missed analysts' third-quarter earnings expectations. …

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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

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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 …

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Campari Shares Tumble More Than 14% After Results Miss …

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Oct 30, 2024 · MILAN (Reuters) - Shares in Campari were down over 14% in early trading after the Italian spirits group missed analysts' third-quarter earnings expectations. "Third quarter …

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Campari Faces Setback As Q3 Earnings Fall Short Of Projections

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Oct 30, 2024 · Campari shares drop over 14% after disappointing Q3 earnings, with leadership changes and challenges impacting investor confidence. ... The primary reason for the stock …

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Campari Shares Tumble More Than 14% After Results Miss …

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Oct 29, 2024 · Shares in Campari were down over 14% in early trading after the Italian spirits group missed analysts' third-quarter earnings expectations. Third quarter revenues missed …

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Campari Shares Tumble More Than 14% After Results Miss …

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Oct 30, 2024 · MILAN (Reuters) – Shares in Campari were down over 14% in early trading after the Italian spirits group missed analysts’ third-quarter earnings expectations. “Third quarter …

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Campari Q3 Sales Miss Analysts Expectations | ESM Magazine

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Oct 26, 2023 · Campari Q3 Sales Miss Analysts Expectations October 26 ... Italian spirits group Campari said its third quarter like-for-like sales rose by 4.4% at ... Campari's shares were …

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Campari Shares Tumble 15% After Results Miss Expectations

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Oct 30, 2024 · Shares in Campari CPR 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 …

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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 Group Shares Dip As Weather Hits Q3 Results - Just Drinks

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Oct 26, 2023 · Campari Group’s share price took a 13% dip today (26 October) as Campari Group Q3 2023 results miss sales expectations. ... as Campari Group Q3 2023 results miss sales …

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Campari Shares Tumble More Than 14% After Results Miss …

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Oct 30, 2024 · Shares in Campari MIL:CPR were down over 14% in early trading after the Italian spirits group missed analysts' third-quarter earnings expectations."Third quarter revenues …

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FAQs about Campari Group shares tumble as Q3 results miss expectations Coupon?

Why did Campari Group's shares fall?

Italian spirits heavyweight Campari Group saw its shares slide today (30 October) after a set of third-quarter results that missed market expectations. Alongside the results, the Aperol maker set out plans to reduce costs and indicated it is looking to offload brands. The company’s shares had dropped 14.58% to €6.63 at 09:59 GMT. ...

Why were Campari shares down 14% in early trading?

MILAN, Oct 30 (Reuters) - Shares in Campari (CPRI.MI) were down over 14% in early trading after the Italian spirits group missed analysts' third-quarter earnings expectations. "Third quarter revenues missed expectations and there was no real update about the new CEO," said Angelo Meda, head of equities at Banor SIM. ...

Why is Campari Group opening a new office in the UK?

Building on its rapid growth trajectory in the UK, this new opening also underlines Campari Group’s ambitions for its future, creating new jobs and lasting partnerships as part of a long-term commitment to the UK market. ...

How many employees does Campari Group have?

Campari Group employs approximately 4,000 people and has its own distribution network. The company operates in Austria, Belgium, Germany, Italy, Luxembourg, Russia, Switzerland, the UK and Ukraine in Europe; Argentina, Brazil, Jamaica, Mexico and the United States in the Americas, as well as in Australia and China. ...

How did Campari's earnings perform in Q3?

Earnings also took a hit. Adjusted EBIT for the first nine months fell 4.2% organically to €499.4 million, with a sharp 18.2% drop in Q3. Adjusted EBITDA also declined 14% in Q3, with Campari attributing the dip to "unfavorable sales mix" and higher fixed production costs. ...

Why did Campari sell 9 months?

Campari said its nine-month sales were hit by "a combination of concomitant factors". In the US, the group reported “persisting challenges in selected categories”, It also pointed to the “extraordinary impact” of a hurricane in Jamaica. ...