Pernod Ricard S.A.RI
▼ NegativeCapitalDemandrelevance
Long-term revenue growth guidance through 2029 cut to the lower end of its 3-6% range.
Impact on stocks 1
Consumer Staples
Pernod Ricard S.A.French spirits giant Pernod Ricard reported a 3.9% decline in organic sales for fiscal 2026, exceeding the market's expected 3.7% drop. Weakness in China and the US weighed on results, and the company now expects long-term revenue growth through 2029 to be at the lower end of its 3-6% range. Earlier this year, the company held talks with Brown-Forman, the maker of Jack Daniel's whiskey, about a potential merger, but the talks fell through due to disagreements over terms. CEO Alexandre Ricard said that in the US, its largest market, there is little prospect of growth over the next three years, and it will remain a drag on the group. Meanwhile, India has overtaken China to become its second-largest market, and the company has begun discussions and preparations for an initial public offering (IPO) there.
Pernod Ricard S.A.Long-term revenue growth guidance through 2029 cut to the lower end of its 3-6% range.