Previous close | 184.91 |
Open | 189.61 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 187.94 - 194.79 |
52-week range | 172.60 - 246.48 |
Volume | |
Avg. volume | 954 |
Market cap | 49.307B |
Beta (5Y monthly) | 0.48 |
PE ratio (TTM) | 26.97 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 3.66 (1.98%) |
Ex-dividend date | 06 Jul 2022 |
1y target est | N/A |
PARIS (Reuters) -French spirits group Pernod Ricard said on Wednesday it was banking on its portfolio of high-end brands and a growing use of data to better predict consumer demand and trends and fine-tune pricing to accelerate sales growth over the mid-term. The world's second-biggest spirits group behind Diageo, said it would aim to deliver annual organic sales growth at the upper end of a 4-7% growth range over the mid-term. Pernod, whose brands include Martell cognac, Mumm champagne and Absolut vodka, reiterated it aimed to lift its operating profit margin by 50-60 basis points per year, provided it could deliver annual organic sales growth within the 4-7% range.
PARIS (Reuters) -French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on Thursday but said COVID-19 measures in China, war in Ukraine, and a normalisation of its U.S. business could mean a softer fourth quarter. Despite the challenges, the maker of Martell cognac and Absolut vodka, forecast organic growth of 17% in profit from recurring operations for its financial year ending June 30, in line with the market consensus for 16.9% growth. Resilient consumption by people staying at home, the reopening of bars and restaurants and a recovery in travel would fuel strong full-year sales growth across regions, with some operating margin expansion, it added.
Cocktail-making is stirring up "a real resurgence," according to Pernod Ricard (RI.PA) North America CEO Ann Mukherjee.