Pernod Ricard Posts Smaller Q1 Sales Drop
Pernod Ricard reported a smaller than expected 0.9 percent drop in first quarter sales as weak demand in China and the United States was offset by strong growth in India. The spirits maker reiterated its forecast for stable net sales in the current fiscal year.
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PERNOD RICARD SA posted a 0.9% drop in sales to €2.23B ($2.51B) for the first quarter of fiscal 2027, beating analyst estimates of a 1.7% decline. The smaller-than-expected fall comes as the world's second-largest spirits maker behind DIAGEO PLC navigates persistent destocking in key overseas markets. The resilient performance offers an early signal of stabilization for global distillers grappling with a multi-year valuation downturn.
