Pernod Ricard Profit Falls 26% as US and China Sales Drop
Pernod Ricard reported a rough year as profit attributable to shareholders fell 26% to €1.203 billion and net sales slid 14.2% to €9.404 billion. Organic sales decreased 3.9%, with declines in the US (-14%) and China (-19%). Americas revenue fell 18% while Europe dropped 9%, and several brands, including Havana Club, weakened.