French drinks company Pernod Ricard has cut its 2025 and longer-term outlook and brought forward issuing of its first half results, citing challenging market conditions in the US and China.

RTÉ

Ireland

Pernod cuts 2025 sales outlook on challenges in US, China

Media Bias/Fact Check

Government of Ireland

Pernod, whose brands include Martell and Absolut vodka, said sales will decline by a low-single digit percentage in 2025.

The Straits Times

Singapore Press Holdings

Singapore

Pernod Ricard cuts sales guidance over China cognac slump

The French beverage company Pernod Ricard, with brands such as Absolut vodka, Jameson whiskey, Martell cognac and Malibu liquor, can lose around 200 million euros annually due to import duties by the United States and China. This is what financial chief Hélène de Tissot said.

Het Franse drankenconcern Pernod Ricard, met merken als Absolut vodka, Jameson whiskey, Martell cognac en Malibu likeur, kan jaarlijks zo’n 200 miljoen euro mislopen vanwege importheffingen door de Verenigde Staten en China. Dit heeft financieel topvrouw Hélène de Tissot gezegd.

Handelsconflicten kosten drankenconcern Pernod 200 miljoen euro

rd.nl

Apeldoorn

Gelderland

Netherlands

Trade conflicts cost the Pernod drinks company 200 million euros

Pernod Ricard revised its outlook for the year 2024-25 on Thursday and now forecasts a decrease in its turnover at constant scope and exchange rates, “in a difficult macroeconomic environment and increased geopolitical uncertainties”.

Pernod Ricard a révisé jeudi ses perspectives pour l'année 2024-25 et prévoit désormais une baisse à périmètre et taux de change constants de son chiffre d'affaires, «dans un environnement macro-économique difficile et des incertitudes géopolitiques accrues».

Pernod Ricard anticipe une baisse organique de son revenu 2024/25

pme.ch

Pernod Ricard expects an organic drop in its 2024/25 revenue

Leading drinks group Pernod Ricard today reported sales of €6,176 million for the first half of its financial year, with sales down -6% year-on-year on a reported basis (-4% organic). Group share of net profit was €1,190 million, down -24%.  The Global Travel Retail division experienced a -9% decline in sales year-on-year. According to the company, growth in Europe was driven by air travel while cruises recorded positive results in the Americas.…

The Moodie Davitt Report

Pernod Ricard H1 impacted by macroeconomic headwinds; travel retail sales drop -9%

French spirits giant Pernod Ricard is now expecting its annual net sales to fall on an organic basis, the company said today (6 February).

Just Drinks

Pernod Ricard cuts sales forecast - Just Drinks

Challenging economic conditions didn’t stop Pernod Ricard from showing resilience in the first half of the fiscal year. The company anticipates decline in organic net sales but says it remains focused on maintaining its operating margins amid global uncertainties.  Despite a 4 per cent decline in organic net sales, totalling US$6.4 million, the company reported growth in its organic operating margin due to effective cost control and adaptability…

Inside FMCG

Pernod Ricard navigates tough markets, eyes recovery next year

French drinks giant, Pernod Ricard , has reported a fall in sales globally of -4% for the first...

harpers.co.uk

Pernod Ricard reports sales fall across global markets - Harpers Wine & Spirit Trade News

Pernod Ricard released results for its fiscal first half ended in December unexpectedly this morning, with the company posting sales down 4% organically to €6.2 billion ($6.4b), and profit from recurring operations showing a decline of 2% to €2 billion … Continue reading → The post Pernod Posts U.S. Decline But Sees Second-Half Improvement appeared first on Shanken News Daily.

Pernod cuts 2025 sales outlook on challenges in US, China

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