REAL-TIME GLOBAL RESEARCH
Becle SAB de CV (CUERVO.MX): US Tequila NielsenIQ June 27th: Tequila Volumes Stabilize
Research evidence excerpt
Becle SAB de CV (CUERVO.MX): US Tequila NielsenIQ June 27th: Tequila Volumes Stabilize
Becle SAB de CV (CUERVO.MX)
07 July 2026 Citi Research
Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as clients, and the
services provided were non-investment-banking, securities-related: Becle SAB de CV,Diageo.
services provided were non-investment-banking, non-securities-related: Becle SAB de CV,Diageo.
Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to Becle SAB de CV,Diageo. (For
an explanation of the determination of significant financial interest, please refer to the policy for managing conflicts of interest
which can be found at www.citiVelocity.com.)
Citigroup Global Markets Inc. or its affiliates acts as a corporate broker to Diageo.
Analysts’ compensation is determined by Citi Research management and Citigroup’s senior management and is based upon
activities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates (the “Firm”).
Compensation is not linked to specific transactions or recommendations. Like all Firm employees, analysts receive
compensation that is impacted by overall Firm profitability which includes investment banking, sales and trading, and
principal trading revenues. One factor in equity research analyst compensation is arranging corporate access events between
institutional clients and the management teams of covered companies. Typically, company management is more likely to
participate when the analyst has a positive view of the company.
For financial instruments recommended in the Product in which the Firm is not a market maker, the Firm is a liquidity provider
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