Davide Campari-Milano N.V. (CPR) Earnings Call Transcripts

Davide Campari-Milano N.V.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Davide Campari-Milano N.V. reported net sales growth of 2.9%, aligning with management's full-year expectations of approximately 3% growth. The company faced challenges from rising gas prices and economic pressures but demonstrated resilience with broad-based growth across regions. Earnings guidance remains unchanged, indicating confidence in the company's strategic initiatives despite a volatile operating environment.

Reported metrics

Guidance from management

Management maintains full-year guidance of circa 3% growth, reflecting confidence in strategic initiatives despite ongoing market volatility.

What management said

Yes. I think -- sorry, on that point, yes, it is still tough in the U.S. Courvoisier, we actually saw positive growth coming through on a number of the European markets. It was small, but it was positive. And given the trends in cognac at the moment, we'll take it. So yes, the U.S. still remains quite challenged in terms of it. We are still working on the plans for a second half relaunch, as we've talked to you about...

Great. Well, listen, thanks, everyone, for joining us. Look, certainly, please do feel free to follow up with the IR team directly. But I think you can see we've had a solid start to the year despite the backdrop, and we are on track for the full year target. So thanks very much for your time.

What analysts pressed on

Analysts expressed concerns regarding potential deceleration in growth rates and the impact of pricing strategies in a competitive U.S. market. There were also questions about the implications of geopolitical events on performance.

Main topics on the call

• Organic Growth Performance — Campari achieved 2.9% organic growth in Q1, reflecting a strong performance against a challenging backdrop. CEO Simon Hunt stated, "we continue to gain share in almost all of our markets," indicating effective strategy e...
• Inventory Optimization Strategy — Management undertook targeted inventory optimization in the U.S. on non-priority brands, impacting quarterly figures but viewed as a responsible decision. Hunt noted, "this amount, which is around EUR 10 million will not...
• Geographic Expansion and New Product Launches — The company is accelerating geographic expansion and launching new products, such as the Campari Spritz ready-to-serve and Aperol ready-to-drink formats. Hunt mentioned, "the initial reactions are very positive with exci...
• Pricing Strategy in a Volatile Environment — Management is cautious about pricing strategies, maintaining shelf pricing while optimizing promotional pricing. Hunt emphasized, "reducing price long term, build equity," indicating a focus on brand value amidst competi...

Read the full Davide Campari-Milano N.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Davide Campari-Milano N.V. earnings call transcripts on record, spanning February 18, 2020 to July 29, 2026. Based on this history, Davide Campari-Milano N.V. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CPR

Exchange

BIT

Country

IT

Sector

Consumer Staples

Industry

Beverages

Calls on record

27

First call

February 18, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly