Pernod Ricard Q1 Sales Climbs; Sees Good Sales Growth To Continue Through FY22

French drinks company Pernod Ricard SA (PDRDF.PK,PDRDY.PK,PRN.L) reported Thursday that its first-quarter sales totaled 2.72 billion euros, a growth of 22 percent from last year's 2.24 billion euros. Organic sales growth was 20 percent.

The company recorded very dynamic start in all regions, with robust demand and strong shipments ahead of festive season.

Americas sales grew 15 percent, and the growth was 26 percent in Asia/ Rest of World, and 23 percent in Europe.

Strategic International Brands sales grew 24 percent, with broad-based growth, in particular for Martell, Jameson, Ballantine's, Chivas Regal and Absolut. Positive price/mix. Strategic Local Brands sales increased 15 percent, driven by strong double-digit growth of Seagram's Indian whiskies.

Specialty Brands sales were up 21 percent, while strategic Wines sales fell 7 percent due in particular to New Zealand supply constraints.

Looking ahead, Alexandre Ricard, Chairman and Chief Executive Officer, stated, "We expect good sales growth to continue through FY22, albeit moderating vs. Q1. We will continue to implement our strategy, notably accelerating our digital transformation and reinvesting to seize present and future growth opportunities."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3. The U.S. Food and Drug Administration has approved Takeda Pharmaceuticals Co. Ltd.'s Livtencity (maribavir) as the first drug to treat post-transplant cytomegalovirus or CMV in adults and pediatric patients. The approval is to treat patients 12 years of age and older and weighing at least 35 kilograms with post-transplant CMV infection/disease that does not respond...
Follow RTT