reuters.com

Pernod Ricard expects slower sales growth through 2029 amid declines

Pernod Ricard logoPernod Ricard
Sig3.30Sen-3.80Env0.00Soc-1.80Gov-0.60

In the U.S., Pernod Ricard’s revenue fell 14% year-on-year, reflecting weaker consumer demand for spirits. The company now expects sales growth at the low end of its 3%–6% annual target range through 2029. Earlier discussions with Brown-Forman did not produce a deal, while Pernod Ricard has cut 3,600 jobs and investors appear cautious given its higher dividend yield versus peers.

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