Campari shares slump after first-quarter sales miss estimates
Updated
Updated · The Wall Street Journal · May 7
Campari shares slump after first-quarter sales miss estimates
11 articles · Updated · The Wall Street Journal · May 7
The stock fell 11% in early European trading after the Italian group reported quarterly sales of 643 million euros, below the 651.1 million euros analysts expected.
Organic sales growth was 2.9%, missing a 5.1% consensus, with Europe up 1.9%; stronger performances in the UK, Italy and Germany were partly offset by weakness in France.
In the US, positive trading was offset by inventory reductions in lower-priority brands. Campari maintained its 2026 outlook for about 3% underlying sales growth, after shares had risen 5% this year.
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