Pernod Ricard sales decline amid trade tensions
Just a week before it was due to announce its half-year results to the end of December, Pernod Ricard has taken the unusual step of advancing their publication as speculation continues to swirl around the drinks industry about global trading conditions and President Trump’s potential tariffs. The post Pernod Ricard sales decline amid trade tensions appeared first on The Drinks Business.
Just a week before it was due to announce its half-year results to the end of December, Pernod Ricard has taken the unusual step of advancing their publication as speculation continues to swirl around the drinks industry about global trading conditions and President Trump’s potential tariffs.
The results themselves were disappointing and Paris stock market procedures dictate that any material change in a company’s predictions must be reported immediately.
In the week that Diageo revealed a 1% rise in its organic sales during the same period, the French group reported an organic sales decline of 4% to €61,8 billion against 12 months earlier. They were 6% lower in absolute terms.
Half-year profits fell by 2% organically but by 7% in total terms.
Diageo said that market conditions amid the global uncertainties meant it could not offer meaningful medium-term guidance but Pernod Ricard was more positive despite cutting its 2025 and longer-term outlook in the face of the turbulent times.
Against a previous forecast of returning to sales growth for the full financial year, it now predicts a low single-digit decline in organic net sales for the year ending in June. However, it hopes to protect its organic operating margin.
The results themselves were disappointing and Paris stock market procedures dictate that any material change in a company’s predictions must be reported immediately.
In the week that Diageo revealed a 1% rise in its organic sales during the same period, the French group reported an organic sales decline of 4% to €61,8 billion against 12 months earlier. They were 6% lower in absolute terms.
Half-year profits fell by 2% organically but by 7% in total terms.
Diageo said that market conditions amid the global uncertainties meant it could not offer meaningful medium-term guidance but Pernod Ricard was more positive despite cutting its 2025 and longer-term outlook in the face of the turbulent times.
Against a previous forecast of returning to sales growth for the full financial year, it now predicts a low single-digit decline in organic net sales for the year ending in June. However, it hopes to protect its organic operating margin.
