Pernod Ricard Initiates Strategic Pivot Amid Market Headwinds
20.02.2026 - 20:00:05 | boerse-global.de
The French spirits giant Pernod Ricard is navigating a challenging first half of its fiscal year, marked by significant sales declines in its core markets. This pressure has prompted the company to implement a stringent cost-saving strategy aimed at reversing its current operational trajectory.
For the first six months of fiscal year 2026, which concludes at the end of December, Pernod Ricard reported a 5.9% organic sales decline to approximately €5.25 billion. On a reported basis, the decrease was more pronounced at 14.9%. This gap was heavily influenced by adverse foreign exchange impacts totaling €356 million, with the US dollar and Indian rupee being primary contributors. The group’s recurring operating profit also fell, dropping 7.5% on Read more...
