Simon Hunt 1.9 1 idea

Campari CEO states they are "outperforming the industry" with strong top-line growth in 2025. Specifically, Aperol is +15% on-premise in the US. They have deleveraged to 2.5x a year early. The "Lipstick Effect" applies to spirits. Even with macro pressure, consumers are shifting to "affordable luxuries" like Aperol Spritz. The company is fiscally disciplined (deleveraging) and growing volume despite price hikes, signaling pricing power. LONG. High-quality defensive growth stock trading at a discount due to general European market fear. Glass/Freight costs rising due to energy shock (CEO admitted this is a risk).