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Pernod Ricard sales fell in first half of fiscal year
Global sales dropped nearly 6% with key markets like the U.S. and China hit hardest due to weak demand, tariffs, and inventory adjustments, Pernod Ricard said.
- For the six months to December 31, Pernod Ricard reported sales of 5.25 billion euros, a like‑for‑like decline of 5.9%.
- Amid weak demand in major markets, CEO Alexandre Ricard said the sales decline was worsened by inventory adjustments, currency and perimeter effects, trade tariffs and some COGS inflation.
- At the brand level, Royal Salute dropped 19%, Jameson 7%, and Absolut 3%, while Codigo 1530 tequila rose nearly 40%, and Del Maguey 20%.
- Pernod Ricard says fiscal 2026 is a transition year with improving sales trends skewed toward the second half, and Reuters noted overall performance was in line with expectations as duty free/global travel retail and India showed signs of improvement.
- Analysts had expected a 7.7% fall, but the second-quarter contraction was smaller than the 7.6% first-quarter drop due to improving dynamics in India and global travel retail.
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Slump In Demand In Key Markets Hits Pernod Ricard
Drinks giant Pernod Ricard saw weaker sales across its key markets in the first half of its fiscal year, with profits also dropping due to foreign exchange swings and rising costs. The French firm’s total sales were down 5.9% on (more…) The post Slump In Demand In Key Markets Hits Pernod Ricard appeared first on KamCity.
The spirits giant maintains the hope of a rebound in the second half of the year after a decline in sales, marked by US tariffs and a decline in Chinese consumption.
Wine and spirits giant Pernod Ricard announced on Thursday a net profit down 18% in the first half of its fiscal year 2025-2026, still weighed down by sales in the United States and China.
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Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
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67% Center
C 67%
R 33%
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