Pernod Ricard, FR0000120693

Pernod Ricard completes EUR 1.5 billion issue. Pernod Ricard stock falls 1.39 percent

Published on 10/27/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 sales fell 0.90 percent organically to EUR 2.23 billion. Pernod Ricard stock costs EUR 66.52 on October 27, 2026, 1.39 percent below Xetra close.

Financing and operating signals

Pernod Ricard completed a EUR 1.5 billion hybrid bond issue on October 22, 2026.
Q1 FY27 net sales reached EUR 2.23 billion after a 0.90 percent organic decline.
Pernod Ricard stock trades at EUR 66.52 at 10:06 a.m. CEST at Lang & Schwarz on October 27, 2026, 1.39 percent below the Xetra close of October 26, 2026.

Pernod Ricard, FR0000120693, Illustration mit AI erstellt.

Pernod Ricard stock (ISIN FR0000120693) was trading at EUR 66.52 at Lang & Schwarz on October 27, 2026 at 10:06 a.m. CEST, down 1.39 percent from the Xetra close of October 26, 2026 at EUR 67.46. The spirits group had completed a EUR 1.5 billion hybrid bond issue on October 22, 2026, according to Pernod Ricard.

Three events shape the picture

The recent sequence began on October 15, 2026, when Pernod Ricard reported first-quarter fiscal 2027 sales of EUR 2.23 billion, down 0.90 percent organically and 6.30 percent on a reported basis, in its Q1 fiscal 2027 release. On October 20, 2026, the group announced a tender offer covering seven existing note series and its intention to issue deeply subordinated notes, as Pernod Ricard said. The October 22, 2026 hybrid bond completion is the latest event.

What does the financing change?

The EUR 1.5 billion issue adds capital flexibility while management targets a net debt-to-EBITDA ratio below 3.00 by fiscal year 2029. The company also expects strategic investments of EUR 700 million and cash conversion of 90.00 percent in fiscal 2027, while projecting organic net sales growth of 3.00 percent to 6.00 percent on average from fiscal 2027 through fiscal 2029, according to the October 15 release. For the current year, Pernod Ricard expects organic net sales to remain broadly stable, with declines in the United States and China offset by growth in other markets.

Analysts weigh targets against sales

RBC kept its Market Perform rating and raised its price target from EUR 69.00 to EUR 71.00 on October 19, 2026, while expecting a 0.20 percent organic sales contraction for the full fiscal year, reported MarketScreener. That target stands EUR 4.48 above the Lang & Schwarz price, but the operating comparison remains difficult: Asia and the Rest of World grew 9.00 percent organically in Q1, while the United States fell 10.00 percent and China fell 25.00 percent.

Upcoming dates for shareholders

The next scheduled dates are the shareholders' annual general meeting on November 20, 2026, and first-half fiscal 2027 sales and results on February 18, 2027, both listed on the company's investor calendar. The calendar also sets third-quarter fiscal 2027 sales for April 15, 2027.

Stock stays below the target

The company is listed on Euronext with ticker RI and belongs to the CAC 40. Its latest operating update combines stable full-year sales guidance with a 25.00 percent decline in China, leaving financing progress and regional demand as the key figures for the next update. Pernod Ricard was trading at EUR 66.52 at Lang & Schwarz on October 27, 2026 at 10:06 a.m. CEST, 1.39 percent below the Xetra close of October 26, 2026 at EUR 67.46. The further course of trading is shown by the continuously updated real-time quote of Pernod Ricard stock.