Pernod Ricard Posts 26% Profit Drop on Weak US and China Markets, Tariffs
Pernod RicardSigSignificance3.17SenSentiment-4.52EnvEnvironment0.00SocSocial-0.54GovGovernance+0.02
Pernod Ricard said weaker conditions in the US and China and increased tariffs drove a 26% fall in annual profits to €1.2 billion. Turnover dropped 14% to €9.4 billion, hurt by currency moves tied to a softer US dollar, Indian rupee and Turkish lira, with US sales down 14% and China down 19%, and prestige cognac categories under pressure.
Coverage (11)
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- Pernod Ricard reported a 14.2% sales drop after weakness hit its largest markets (vinetur.com)
- Pernod Ricard posts 3.9% sales decline (manilatimes.net)
- Pernod Ricard warns US weakness may persist beyond 2029 (eutoday.net)
- Pernod Ricard's FY2026 Organic Sales Fall 3.9% as US, China Slump Weighs (finance.biggo.com)
- China slump hits Pernod Ricard FY sales (thespiritsbusiness.com)
- Pernod warns weak US, China will weigh in years to come (reuters.com)
- Pernod Ricard cuts outlook after third consecutive year of falling sales (thedrinksbusiness.com)
- Pernod Ricard Warns Weak US, China Will Weigh In Years To Come (esmmagazine.com)
- Pernod Ricard cuts its annual profit by 26% (democrata.es)
- Pernod Ricard blames weak US, Chinese markets for 26% profit fall (economictimes.com)