Reported 2 days ago
Pernod Ricard does not foresee an immediate impact from US tariffs, according to CFO Hélène de Tissot, who confirmed that the principal concern lies with China affecting their full-year results. Despite a 2% sales growth in the US for Q3, the company experienced a 5% decline year-to-date, with China hitting net sales with a 22% decrease year-to-date. This situation is compounded by uncertainties surrounding tariffs, leading analysts to caution about overly optimistic expectations regarding sales in both the US and China.
Source: YAHOO