Business · Companies · 10 hrs ago
Pernod Ricard sales fall less than expected as India growth helps
French drinks maker Pernod Ricard’s organic sales fell 0.9% from a year earlier last quarter.
The decline was smaller than analysts had expected, who forecast a 1.24% drop.
Growth in India cushioned weakness in the US and China, where sales remained weak.
Pernod Ricard makes brands including Absolut vodka and Jameson whiskey.
Its results show that growth in one major market helped offset softness in two others.
The company kept its mid-term forecast, signaling no change to its outlook.
The company gave no further next steps in its statement.
Pernod Ricard’s organic net sales fell less than analysts had expected last quarter.
Sales declined 0.9% from a year earlier, compared with analysts’ estimate of a 1.24% decline.
Growth in India cushioned persistent weakness in the United States and China.
The company maintained its mid-term forecast.
- Who
- Pernod Ricard SA, the maker of Absolut vodka and Jameson whiskey.
- What
- Organic net sales fell 0.9% year on year, less than analysts had expected.
- When
- Last quarter; the company reported the results on Thursday, October 15, 2026.
- Where
- Growth in India cushioned weakness in the United States and China.
- Why
- India’s growth offset some of the persistent weakness in the United States and China.
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- Organic sales change
- Down 0.9% year on year
- Analysts’ estimate
- A 1.24% decline
- Growth market
- India
- Weak markets
- United States and China
- Forecast
- Pernod Ricard maintained its mid-term forecast