“Room for Pernod Ricard upgrades if Absolut turns a corner” – analysis

At the start of September, just after Pernod Ricard reported its full-year results, analysts described the group’s progress as “slow but steady”. This week’s first-quarter sales update prompted similar sentiment, with praise coming in the form of “broad-based resilience” and “pretty solid results”. The company reported a 1% rise in reported sales, with the Americas and Europe doing the lifting.