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CUERVO: Net sales fell 13.9% on FX, but cash flow, margins, and global tequila growth remain resilient
Consolidated net sales declined 13.9% due to FX headwinds, but underlying performance improved sequentially, with strong cash flow and reduced debt. U.S. distributor transition nears completion, Mexico and international segments outperformed, and guidance for a low single-digit sales decline is con…