Pernod, whose brands include Martell and Absolut vodka, said sales will decline by a low-single digit percentage in 2025.
Pernod Ricard has cut its sales guidance because of uncertainty over tariffs and a slowdown in China, where government anti-dumping measures have hit demand for its cognac brand Martell.
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Leading drinks group Pernod Ricard today reported sales of €6,176 million for the first half of its financial year, with sales down -6% year-on-year on a reported basis.
Pernod Ricard cut its sales forecasts for 2025 and beyond as tariffs weigh on the French spirits maker during an already tough time for the industry.
The French liquor group lowered its expectations for its fiscal year, citing trade tensions and other uncertainties that ...
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