[ADVERT]
Share Name Share Symbol Market Type
Pernod Ricard EU:RI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.30 -0.65% 197.25 197.00 199.00 198.90 196.80 197.65 485,858 16:40:00

Pernod Ricard 1Q Sales Soar as Drinkers Head to the Bars

21/10/2021 7:16am

Dow Jones News


Pernod Ricard (EU:RI)
Historical Stock Chart


From Jul 2021 to Jan 2022

Click Here for more Pernod Ricard Charts.

By Joshua Kirby

 

Pernod Ricard SA said Thursday that sales rose strongly in the first quarter of its fiscal year, with dynamic performance in both on-trade and off-trade and across geographies.

Sales at the French drinks group came to came to 2.72 billion euros ($3.17 billion) from July to September, an increase of 20% at constant currency from EUR2.24 billion in the same period of fiscal 2021.

The group's largest geographic division, Asia/Rest of World, recorded the strongest organic increase of 23%, but the Americas and Europe also posted double-digit increases.

On-trade sales to hospitality businesses continued to recover in the quarter, while off-trade sales to supermarkets remained resilient, the maker of Absolut vodka and Jameson whiskey said.

Analysts had expected strong organic growth given an easy comparative with the previous-year period, when sales dipped 6% amid continued pandemic-related squeezes on travel retail. The category remains subdued, Pernod Ricard noted, but benefited from the soft comparative.

The company expects to see continued sales growth for the rest of fiscal 2022, though at a lesser pace than in the first quarter, Chief Executive Alexandre Ricard said.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

October 21, 2021 02:01 ET (06:01 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Pernod Ricard Chart

1 Year Pernod Ricard Chart

1 Month Pernod Ricard Chart

1 Month Pernod Ricard Chart
ADVFN Advertorial
Your Recent History
EU
RI
Pernod Ric..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220122 18:36:59