Focus - Pernod Ricard's YTD Performance by Region, Brand
Pernod Ricard reported its nine-month sales figures earlier today
Earlier today (24 April), Pernod Ricard released its nine-month sales results. Here is a closer look at the company's performance by region and by brand.
- The Europe region (34.5% of the group's sales) – which now includes France for Pernod – saw sales in the year-to-date slip by 2%. In Q3, sales were down by 7%. Western Europe was stable while Eastern Europe posted growth in organic terms of 9%. The third quarter was affected by the later Easter, as well as excise duty and price increases in some markets.
- Asia/Rest of World (39.4% of group sales) was down by 12% in the first nine months of Pernod's current fiscal year. In Q3, sales fell by 9%, and by 1% in organic terms. The company's performance in China was affected by destocking in Q3, which Pernod said was anticipated. Stripping out China, however, organic sales in the region rose by 5%. India and Travel Retail were credited with “very good” performances, although Korea and Thailand “remained difficult”.
- The Americas (26.1% of group sales) reported a 6% dip in YTD sales, although a 4% lift was reported in organic terms. In the three months to the end of March, the region was down by 5%. The forex impact was felt particularly badly in both the nine months and the third quarter. Brazil performed well in the second six months of the nine-month period, while the US delivered “good growth” that “slowed down slightly compared with the half-year”.
- Pernod's "Top 14" brands reported a 1% dip in net sales in the nine months to the end of March, on the back of flat volumes.
- Absolut came in flat, with volumes slipping by 3%.
- Chivas Regal was down in both sales and volumes, by 2% and 6%, respectively.
- Jameson was the star performer in the YTD, with sales jumping by 13% and volumes climbing by 10%.
- Havana Club also performed well, posting sales growth of 3% on a 1% increase in volumes.
- Beefeater was up by 1% in sales and by 2% in volumes.
- Martell suffered thanks to the ongoing problems in China: Sales fell by 9% as volumes decreased by 7%.
- Mumm was down by 1% in sales and by 2% in volumes.
- Perrier-Jouët had an excellent nine months, with sales leaping by 17% on an 8% lift in volumes.
Pernod Ricard SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...read more
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part IV: Spirits
- Comment - The Appeal and Perils of Craft
- Sustainability in Wine - Part I
- Time is Right for Refresco Gerber Exit
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Diageo rolls out Beckham's Haig Club to US
- Diageo welcomes verdict on Crown Royal "confusion"
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- just-drinks on-trend: Craft beer - fortunes and future