Pernod Ricard hit by US and China headwinds, FY sales dip
By Iain Gilbert
Date: Thursday 28 Aug 2025
(Sharecast News) - Wine and spirits group Pernod Ricard said on Thursday that sales had declined in the twelve months ended 30 June, citing ongoing weakness in both the US and China as key drags on performance.
Pernod Ricard said full-year organic sales fell 2%, with a 9% drop in the US and a 12% decline in China offsetting growth in India and its travel retail segment, with the group pointing to subdued consumer demand and inventory adjustments in both markets, adding that macroeconomic pressures and geopolitical tensions had weighed on sentiment.
The French group said sales in Europe rose 6%, driven by solid demand in France, Germany and Eastern Europe, while India posted double-digit growth. Travel retail also saw a strong rebound, up 31% year-on-year.
Operating profits fell 3% on an organic basis, although reported profit rose 3% to €3.35bn, supported by favourable currency effects and cost discipline.
Looking ahead, Pernod Ricard, which proposed a final dividend of €4.70 per share, said it expected to see a return to organic sales growth in FY26, with a focus on premiumisation, brand investment and operational efficiency.
As of 1015 BST, Pernod Ricard shares were up 7.63% at €106.60 each.
Reporting by Iain Gilbert at Sharecast.com
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