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- Aug 27, 202690% CONFIDENCEfrom the source
Pernod Ricard Reports FY26 Results as US and China Sales Slump
- Net sales totalled €9,404 million, down 3.9% organically and 14.2% reported, hit by the US dollar, Indian rupee and Turkish lira and by brand disposals; excluding the US and China, organic sales rose 0.5%[1]
- The US fell 14% amid a spirits slowdown and distributor inventory adjustments, China fell 19% with Martell in sharp decline, while India grew 7%[1]
- Profit from recurring operations was €2,423 million, down 5.2% organically (-17.9% reported), with tariffs, adverse mix and cost inflation weighing on gross margin; group net profit fell 26% to €1,203 million[1]
- Free cash flow rose 6% to €1,197 million and the dividend was held at €4.70 per share; the €1 billion efficiency programme is now due to be fully delivered by fiscal 2028[1]
- For fiscal 2027 Pernod expects broadly stable organic sales, with further US and China declines from inventory adjustments from Q1 offset by growth elsewhere[1]
- India has overtaken China as Pernod's second-biggest market[3]
References 485% CONFIDENCEOverall confidence: 85%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%pernod-ricard.com/en/media/fy26-full-year-sales-and-resultspernod-ricard.com· Posted Sep 27, 2026· Starts Aug 27, 2026 ✓· 26% of score
Pernod's press release is dated 27/08/2026 ('Press Release - Paris, 27th August 2026') and its investor calendar lists 'FY26 Annual Sales and Results 27 August 2026 7:30AM CEST'.
- [2]85%Investor Calendar | Pernod Ricardpernod-ricard.com· Added Sep 27, 2026· 26% of score
Lists 'FY26 Annual Sales and Results 27 August 2026 7:30AM CEST' among past events, the source[1] of the release time.
- [3]80%Pernod Ricard turns to India as key markets flounderthespiritsbusiness.com· Published Sep 2, 2026· 24% of score
Reports CEO Alexandre Ricard saying India has overtaken China as Pernod's second-biggest market and that China trade sentiment is 'cautiously optimistic' before the Mid-Autumn Festival.[1]
- [4]85%US-China slump hits Pernod Ricard FY salesthespiritsbusiness.com· Published Aug 27, 2026· 23% of score
The Spirits Business[3] reports the €9.4 billion sales, the 14% US and 19% China declines, and Martell's 12% fall in fiscal 2026.
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