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French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance on Friday after damaging Chinese tariffs were reduced.

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French spirits major Rémy Cointreau has lowered the net impact it expects to receive from tariffs in China, but increased it in the US.

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French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance today as tariff threats receded.

The company said customs duties will be less than anticipated, at a time when the industry is embroiled in trade disputes in key markets.