Pernod Ricard Sales Fall Less Than Expected in First Quarter of Fiscal 2027
Pernod Ricard sales fell less than expected in the first quarter of its 2027 fiscal year, with organic net sales down 0.9%, as reported on Thursday, October 15. The French maker of Martell cognac and Absolut vodka booked net sales of €2.234 billion for the quarter, according to the company’s release. A company-compiled analyst poll had pointed to a 1.7% drop, so the result came in better than forecast. The update gives investors an early read on global spirits demand.
Pernod Ricard Sales: The Numbers Behind the Quarter
On a reported basis, net sales fell 6.3% from €2.384 billion a year earlier, as RTTNews noted. The gap between the reported and organic figures reflects currency movements and other structural effects. Organic growth strips those out, which is why companies and analyst...