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Pernod Ricard Says Iran War to Hit Full-Year Sales Despite Q3 Pickup
The spirits maker said travel retail made up 6% of 2025 net sales as closed airports and weaker tourism hit duty-free demand.
- On Thursday, Pernod Ricard reported a 0.1% sales rise in the third quarter but warned full-year net sales will fall 3% to 4% due to declining tourism linked to the Iran war.
- Travel retail, which accounted for 6% of Pernod's net sales in 2025, faces pressure from Middle East airport closures and travel curbs linked to the ongoing conflict.
- Weakness in Western and Chinese markets, where sales fell 12% and 7% respectively, partially offset improvements in India despite a 5% contraction in the prior quarter.
- Merger discussions between Pernod and Brown-Forman face complications after U.S. spirits rival Sazerac offered $15 billion to acquire Brown-Forman, reported yesterday.
- Finance Chief Helene Tissot reaffirmed 3% to 6% sales growth guidance for 2027–2029, stating current challenges are "primarily cyclical, linked to affordability issues.
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14 Articles
14 Articles
Following the escalation of the conflict in the Persian Gulf and throughout the region in recent months, the French distillery Pernod Ricard expects to register a 3% to 4% drop in net sales for the year.
·Brazil
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The alcohol and spirits giant, owner of Byrrh in Thuir in the Pyrénées-Orientales, faces a difficult economic situation marked by tariffs and the conflict in the Middle East.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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