Pernod Ricard's third quarter sales miss forecasts

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Pernod Ricard's third quarter sales miss forecasts

Pernod Ricard has today reported a 3% decline in third-quarter sales, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector.

Pernod Sales Decline, Hit by China Troubles And Late Easter

Pernod Ricard SA sales fell more than expected after Cognac was hit by a duty free block in China and Europe sales were held back by a late Easter.

Sales revenue of French wine and spirits giant Pernod Ricard stood at $2.278 billion in the third quarter of the fiscal year, which ran from January to March. The euro was 3% lower than last year at the same time.

Pernod Ricard misses forecast as it cites regional disruption

Pernod Ricard posted a dip in sales in its third quarter, as it blamed phasing technicalities in both India and China. The alcohol giant reported that for the twelve-week period…

Pernod's U.S. Sales Get Third-Quarter Boost As Wholesalers Stock Up - Shanken News Daily

Pernod Ricard saw sales decline 4% to €8.5 billion ($9.6b) in the nine months through March, representing the first three quarters of its fiscal year, which the company called “a resilient net sales performance in a global macroeconomic and geopolitical … Continue reading → The post Pernod’s U.S. Sales Get Third-Quarter Boost As Wholesalers Stock Up appeared first on Shanken News Daily.