Davide Campari-Milano N.V. Earnings Recaps
Q2 2026
Oct 30, 2026
Campari shares fell 7.3% after results, despite the company confirming full-year guidance. The likely pressure point was softer North American performance: growth there was just 1%, with strength in aperitifs and tequila offset by weakness in other categories and a tough comparison in Jamaica.
Key takeaways
- Nine-month organic sales grew 2.9%; Q3 growth was 3.4%, with Europe the primary driver.
- Europe grew 3.8%, led by Italy and the U.K.; all other countries in the region were also in growth.
- North America grew 1%. The U.S. delivered progress in aperitifs and tequila, but challenging trends in other categories weighed on performance.
- Jamaica’s nine-month results were affected by a high Q3 comparison, following 52% growth in the same quarter last year.
- Management said sell-out share gains continued across key markets and confirmed full-year guidance.