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Weak Chinese and US markets weigh on Pernod Ricard sales
12 Articles
12 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.
Tough Quarter For Pernod Ricard But More Positive On Outlook
Global spirits giant Pernod Ricard suffered a steep decline in revenues in all but one of its key markets during its first quarter, as global tariffs and weak economies further pressured the sector. The French firm posted a slightly worse-than-expected (more…) The post Tough Quarter For Pernod Ricard But More Positive On Outlook appeared first on KamCity.
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