Pernod Ricard, FR0000120693

Pernod Ricard stock trades at EUR 59.12 as FY26 sales fall

Published on 09/25/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 net sales fell 14.2 percent on a reported basis to EUR 9,404 million on August 27, 2026. Profit from recurring operations fell 17.9 percent to EUR 2,423 million.

Schwarzweiß-Dokumentarfoto eines Fasskellers, Pernod Ricard S.A. FR0000120693 Branche — Schwarzweiß-Reportage aus einem Weinkeller zeigt die Getränkereifung, passend zu Pernod Ricard S.A. FR0000120693, Illustration mit AI erstellt.

Pernod Ricard stock (ISIN FR0000120693) traded at EUR 59.12 on Euronext Paris on September 25, 2026, down EUR 0.46 or 0.77 percent from EUR 59.58. The result keeps the shares 34.6 percent below their 52-week high of EUR 90.34, while the FY26 figures explain why valuation remains under pressure.

FY26 sales fell to EUR 9,404 million

Pernod Ricard reported FY26 net sales of EUR 9,404 million for the year ended June 30, 2026, a decline of 3.9 percent organically and 14.2 percent on a reported basis. The company published the results on August 27, 2026.

The pressure reached profitability. FY26 profit from recurring operations fell 5.2 percent organically and 17.9 percent on a reported basis to EUR 2,423 million, while the operating margin declined 35 basis points organically to 25.8 percent.

Analyst targets remain above the price

Following the results, Ideal Investisseur reported on August 28, 2026, that several brokers cut their targets. BofA Securities reduced its target from EUR 74 to EUR 73, Bernstein from EUR 115 to EUR 110, and Jefferies from EUR 95 to EUR 90.

The same report put the median target at EUR 87. Compared with the EUR 59.12 intraday price on September 25, 2026, that target stands 47.2 percent higher. The spread reflects a clear divide between long-term recovery expectations and the immediate drag from weaker demand in the United States and China.

FY27 starts with a cautious outlook

Pernod Ricard projects broadly stable organic net sales for FY27, with declines in the United States and China offset by continued momentum in the rest of the world, especially India. The company also expects operating efficiencies of EUR 1 billion from FY26 to FY28 and targets a net debt to EBITDA ratio below 3 times by FY29.

Stock stays near its yearly low

Pernod Ricard stock was trading at EUR 59.12 on Euronext Paris on September 25, 2026, at 2:36 p.m. CEST. The intraday range was EUR 59.00 to EUR 59.54, the 52-week range was EUR 58.60 to EUR 90.34, and market capitalization stood at EUR 14,887,158,665.