​Campari Shares Crash With Cash-Strapped Consumers Denting Profit  – Tyler Durden

Campari Shares Crash With Cash-Strapped Consumers Denting Profit  Shares of Italian beverage giant Davide Campari-Milano crashed on Wednesday following a disappointing third-quarter report that underscored the deepening global luxury slowdown. The company reported negative organic sales growth, attributing the decline to “pressure on disposable income from inflation and consumer and distributors reduced confidence.”  Campari’s portfolio includes over 50 brands, including Aperol, Appleton, Cinzano, SKYY vodka, Espolón, Wild Turkey, Grand Marnier, and Forty Creek whisky. It reported adjusted earnings before interest and taxes that tumbled 13% in the third quarter compared with the same period one year ago to 139.4 million euros, missing the Bloomberg-compiled…  — Continue at ZeroHedge News : Read More