Business Wire
15 Oct 2026, 05:30 UTC · 1h ago
Pernod Ricard: Sequential Improvement in Q1, in a Contrasted Environment
Impact · against what's priced in
Pernod Ricard faces significant revenue headwinds as double-digit sales declines in the US and China weigh on Q1 results. While recovering depletions in China offer a silver lining, the scale of inventory adjustments in core markets creates a negative catalyst for FY27 targets.
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- In context
Sales declines of 25% in China and 10% in the US due to inventory adjustments create a substantial drag on Q1 revenue, despite the positive signal that underlying depletions in China have returned to growth.
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