Pernod Ricard annual sales fall amid weak China and US
6 Articles
6 Articles
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.
Pernod Ricard, owner of Ballantine’s and Beefeater, closed its fiscal year with a profit of 1,203 million euros, 26% less, after falling sales by 14.2%. The data anticipates price pressure on the Spanish linear. The figure comes from the accounts published by the French multinational, corresponding to its last fiscal year closed in June. Revenues dropped to 9,404 million euros. The group blames the regression to a complex environment, with one w…
The spirit giant no longer promises growth and prepares for complicated years. China and the United States take its sales down to the end of the year.... The article Pernod Ricard tightens the screw and aims for a stable turnover in 2027 appeared first on Le Singulier.
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