Earlier today, Pernod Ricard reported a slight increase in sales. Here, just-drinks takes a closer look at the company’s performance by region and brand.
- Americas: Sales up 4% vs 2% in FY15, driven by the US (up 4% in FY16 vs stable in FY15)
- Asia-Rest of World: Up 1% thanks to double-digit growth in India and Africa/Middle East, which offset difficulties in China (-9%), South Korea and Travel Retail
- Europe: Up 1% vs stable in FY15, driven by Spain, with “encouraging growth” in most markets. France suffered a “technical decline” due to shipment adjustments in conjunction with moves towards back-office sharing between Pernod and Ricard. European growth restated for French technical impact was 3%
Will “slow but steady” win the race for Pernod Ricard in the US? – Analysis
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