No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Shares in Italian spirits group Davide Campari-Milano tumbled on Thursday, after first-quarter sales missed expectations.
Organic sales rose 2.9% in the first three months of the year to 643m, with broad-based growth across regions and markets. It was, however, notably less than the 5.1% uplift analysts had been expecting. Sales of aperitifs rose 2%, but whiskey and rums were 5% lower.
The owner of Aperol, Wild Turkey and Grand Marnier, among others, reiterated its full-year guidance, for underlying growth of around 3%. But that was not enough to stop the shares sliding, and by 1530 BST, the Milan-listed stock had shed 14%.
Simon Hunt, chief executive, said: "We started 2026 with a solid performance in our smallest quarter, by executing our new strategy of fewer, bigger bets. Despite the challenging operating backdrop, we gained market share in nearly all of our key markets globally, especially on our priority brands."
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.