Pernod Ricard annual sales fall amid weak China and US
15 Articles
15 Articles
Pernod Ricard recorded sales of 9.4 billion euros in the 12 months closed in June, marking a 14% decrease from the previous fiscal year, or an organic decrease of 3.9%. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Pernod Ricard fears the U.S. slump will last for years - RetailDetail EU
The downturn in the spirits market in the United States and China is hitting Pernod Ricard hard. Revenue fell by 14.2% last fiscal year, and net income dropped by as much as 26%. The French owner of Absolut, Jameson, and Martell expects that weakness in the U.S. market, in particular, will continue to slow growth through 2029.
Pernod Ricard blames weak US, Chinese markets for 26% profit fall
Pernod Ricard has seen a significant decline in profits, primarily driven by soft market conditions in the US and China. The company's annual earnings faced challenges due to rising tariffs and a 14% drop in turnover linked to currency fluctuations.
Pernod Ricard annual sales fall amid weak China and US
French spirits group Pernod Ricard has reported a worse-than-expected 3.9% organic sales decline of its fiscal year 2026, reflecting persistent soft consumer demand in the US and China and disruption to tourism from the conflict in the Middle-East in the fourth quarter.
The group's annual sales fell by 14% in the U.S. market, the first in the world for spirits. In its 2025/2026 fiscal year, the group fell below 10 billion euros in turnover. It is working on formats to seduce consumers again.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
