US EditionWeak Chinese and US markets weigh on Pernod Ricard sales
14 Articles
14 Articles
Weak Chinese and U.S. Markets Weigh on Pernod Ricard Q1 Sales
Pernod Ricard's turnover fell by 14.3% in the first quarter of 2025/26. The group anticipates a gradual recovery, while qualifying the "transition year" exercise.
Weak Chinese and US markets weigh on Pernod Ricard sales
French spirits maker Pernod Ricard, which owns Irish Distillers, saw steep declines in all but one of its key markets in the first quarter, it said today, as global tariffs and weak economies further pressure the embattled spirits sector.
The group of wines and spirits suffered from Chinese demand for dung and stock adjustments in the United States, but saw a gradual rebound from the second half of the year.
Pernod Sees Q1 Sales Slip, Expects Second-Half Improvement - Shanken News Daily
Pernod Ricard reported sales down 7.6% on an organic basis to €2.38 billion ($2.77b) for its fiscal first quarter ended in September, attributed to inventory adjustments in the U.S., unfavorable foreign exchange impact, and the company’s divestiture of its table … Continue reading → The post Pernod Sees Q1 Sales Slip, Expects Second-Half Improvement appeared first on Shanken News Daily.
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