RI-U.TI - Pernod Ricard SA

TLO - TLO Delayed price. Currency in USD
170.75
+2.90 (+1.73%)
At close: 4:29PM CET
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Previous close167.85
Open159.20
Bid0.00 x 0
Ask0.00 x 0
Day's range159.20 - 159.20
52-week range159.20 - 159.20
Volume0
Avg. volumeN/A
Market capN/A
Beta (5Y monthly)0.44
PE ratio (TTM)31.16
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • How Should Investors React To Pernod Ricard SA's (EPA:RI) CEO Pay?
    Simply Wall St.

    How Should Investors React To Pernod Ricard SA's (EPA:RI) CEO Pay?

    Alexandre Ricard has been the CEO of Pernod Ricard SA (EPA:RI) since 2015. First, this article will compare CEO...

  • The French Just Aren’t Quaffing Champagne the Way They Once Did
    Bloomberg

    The French Just Aren’t Quaffing Champagne the Way They Once Did

    (Bloomberg) -- As President Donald Trump targets Champagne in an escalating trade tussle with Europe, makers of one of France’s quintessential luxuries are losing support from domestic drinkers.Corks are popping less abundantly in France, an additional headache for Champagne producers already facing the double threat of U.S. tariffs and the U.K.’s planned exit from the European Union.Even as overseas markets continued their growth, a decade-long slide in domestic demand worsened in 2018, with sales in France falling by 6.5 million bottles. The slump appears to have continued this year after a plunge in sales during the country’s autumn wine promotions. To top it off, a transport workers’ strike dragged on into the Christmas season, cutting end-of-year spending.“In a difficult economic and geopolitical context, the uncertainties linked in particular to Brexit and the French market remain, and still call for much caution,” producer Laurent-Perrier said this month in warning about the outlook for its fiscal year through March. The company said its Champagne sales fell 0.6% in the first half.While globally recognized brands like LVMH’s Dom Perignon and Pernod Ricard SA’s Perrier-Jouet have ridden a wave of export demand over the past decade, domestic drinkers remain key to the industry. About 147 million Champagne bottles were shipped in France last year, roughly three times as many as the combined total of the U.K. and the U.S., the top two export markets.French supermarkets have long helped drinkers stock their cellars ahead of the holidays with two-for-one promotions that cut the per-bottle cost to less than 10 euros ($11). This year, a new law aimed at boosting prices for farmers barred retailers from dangling such loss leaders. That contributed to a 34% slump in Champagne sales during retailers’ autumn wine fairs, according to research firm Nielsen.The plunge during the September and October sales exacerbates a trend of falling Champagne demand in France as cheaper alternatives gain traction. Volumes sold in supermarkets fell 3.5% in 2018, while foreign bubbly such as Spanish Cava and Italian Prosecco jumped 58%, according to data from Symphony IRI published by FranceAgriMer, a trade group for farming and fishing.Cheaper Alternatives“There will certainly be a lot of volume that is not finding a home, and that’s never good for an industry,” said Nathalie Viet, head of France’s Syndicat des Cavistes, a union of specialist wine sellers.Shoppers are tempted when they can buy a good bottle of foreign bubbly for 10 euros less. “For Champagne,” Viet said, “there’s a feeling that the price doesn’t always correspond to the underlying product.”Champagne producers shouldn’t expect near-term relief from their biggest export markets. In the U.K., a series of unmet Brexit deadlines contributed to a buildup of stocks that could weigh on demand in coming months as retailers unwind excess inventories, according to Thibaut Le Mailloux, a spokesman for industry lobby Comite Champagne.The U.S., the second-biggest overseas destination, is threatening 100% tariffs on the drink in response to a French digital-services tax affecting the likes of Alphabet Inc.’s Google and Amazon.com Inc.Laurent-Perrier shares have dropped about 7% in the past 12 months, compared with a 30% gain for France’s CAC AllShares Index. Another top producer, Vranken-Pommery Monopole SA, slipped 15%, while Lanson-BCC declined 10%.Grower ChampagnesWhile volumes are falling steeply, the outlook isn’t entirely bleak, as the value of the domestic market has declined less. That’s thanks to bright spots like Champagnes from small growers, which wine shops and restaurants are encouraging consumers to drink with food. Luxury labels like LVMH’s Ruinart are also expanding thanks to revamped marketing that’s positioned it as a favorite of the fashion crowd.Etienne Calsac, an independent producer, said the French supermarket law hasn’t hurt him, but he worries about the trade spat with the U.S., where so-called grower Champagnes have become popular in recent years.“I could adapt and get some other markets to take more bottles,” he said. “But for the Champagne sector on the whole it would be catastrophic if these tariffs go through.”\--With assistance from Thomas Buckley.To contact the reporters on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net;Robert Williams in Paris at rwilliams323@bloomberg.netTo contact the editors responsible for this story: Katerina Petroff at kpetroff@bloomberg.net, Eric Pfanner, Corinne GretlerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Despite Its High P/E Ratio, Is Pernod Ricard SA (EPA:RI) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Pernod Ricard SA (EPA:RI) Still Undervalued?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Reuters - UK Focus

    UPDATE 1-Trump cancels his NATO summit news conference

    U.S. President Donald Trump cancelled his scheduled news conference at the end of the NATO summit in Britain on Wednesday, saying he had briefed the media many times during his two-day trip. "When today's meetings are over, I will be heading back to Washington," Trump said in a tweet. Trump said he would hold final bilateral meetings with Denmark and Italy at the golf resort near London where the military alliance has gathered for its 70th anniversary before returning to the United States.

  • Reuters - UK Focus

    Turkey drops block on defence plan for Baltics - NATO chief

    NATO Secretary-General Jens Stoltenberg said on Wednesday that Turkey had dropped its block on a plan to bolster the defences of Baltic states and Poland against Russia. Ahead of the summit, Ankara had refused to back the NATO defence plan for the Baltics and Poland until it received more support for its battle with the YPG, including other alliance members recognising it as a terrorist group. In a final press conference after the summit, Stoltenberg also said that NATO was in favour of dialogue and a better relationship with Russia, and believed that China should be part of future arms limitations or reductions talks.

  • Reuters - UK Focus

    Britain's Johnson backs digital tax despite Trump's ire

    British Prime Minister Boris Johnson said he would press ahead with new taxes on U.S internet giants like Facebook and Google, putting him at odds with U.S. President Trump who has threatened retaliation against France over its digital tax plans. "On the digital services tax, I do think we need to look at the operation of the big digital companies and the huge revenues they have in this country and the amount of tax that they pay," Johnson said on Tuesday, according to a BBC report.

  • Emerging markets come off the boil for Nestle and Unilever
    Reuters

    Emerging markets come off the boil for Nestle and Unilever

    ZURICH/LONDON (Reuters) - Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. Unilever, Nestle and drinks group Pernod Ricard all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact. Packaged goods companies like these have been relying more on emerging markets to offset changing habits in developed economies, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.

  • Pernod Ricard mulls price hikes in U.S. post tariffs
    Reuters

    Pernod Ricard mulls price hikes in U.S. post tariffs

    The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a "significant" impact on Pernod Ricard in the United States. Chairman and CEO Alexandre Ricard told Reuters in a telephone interview that Pernod Ricard USA could have to raise prices to make up for the tariff hikes that will impact brands such as Glenlivet Scotch whisky and Campo Viejo Spanish wine. Ricard also told Reuters he had "no particular indication" that activist investor Elliott [ECA.UL] had exited Pernod's share capital.

  • Reuters - UK Focus

    UPDATE 2-Pernod Ricard considers U.S. price hike to offset trade tariffs

    France's Pernod Ricard said on Thursday it may raise prices on spirits like Glenlivet Scotch whisky to counter U.S. trade tariffs, at a time when it is also grappling with decelerating growth rates in key markets like China and India. The owner of Mumm champagne, Absolut vodka and Martell cognac posted a steeper-than-expected slowdown in first quarter revenue on weakness in emerging markets and duty-free travel retail, triggering a 3% fall in its share price.

  • Reuters - UK Focus

    WRAPUP 2-Emerging markets come off the boil for Nestle and Unilever

    ZURICH/LONDON, Oct 17 (Reuters) - Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. Unilever, Nestle and drinks group Pernod Ricard all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact.

  • Reuters - UK Focus

    UPDATE 1-Pernod Ricard Q1 sales growth slows as China and India decelerate

    French spirits maker Pernod Ricard , which is being targeted by activist investor Elliott, posted a 1.3% rise in first-quarter underlying sales, reflecting slower growth rates in China and India. In August Pernod, the world's second-biggest spirits group behind Diageo, indicated it expected a relatively soft first quarter, citing a very high year-ago comparison basis in Asia. The owner of Mumm champagne, Absolut vodka and Martell cognac said that despite an uncertain environment, it was keeping its forecast for a 5-7% organic rise in full-year profit from recurring operations after last year's 8.7% growth.

  • Pernod Ricard considers U.S. price hike to offset trade tariffs
    Reuters

    Pernod Ricard considers U.S. price hike to offset trade tariffs

    France's Pernod Ricard said on Thursday it may raise prices on spirits like Glenlivet Scotch whisky to counter U.S. trade tariffs, at a time when it is also grappling with decelerating growth rates in key markets like China and India. The owner of Mumm champagne, Absolut vodka and Martell cognac posted a steeper-than-expected slowdown in first quarter revenue on weakness in emerging markets and duty-free travel retail, triggering a 3% fall in its share price. The company, which flagged a "particularly uncertain environment", maintained its full-year profit forecast, however, even when taking into account the impact of U.S. trade tariffs.

  • Pernod launches share buyback and makes new investments in China and U.S.
    Reuters

    Pernod launches share buyback and makes new investments in China and U.S.

    French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, launched a share buyback programme and announced new investments in China and the United States as it posted solid profit growth. Pernod, which is the world's second-biggest spirits group behind Diageo, handed investors a 32% dividend hike and unveiled plans to buy back up to 1 billion euros ($1.1 billion) in shares. In the United States - its largest market where it now makes 18% of sales - Pernod further strengthened its bourbon whisky portfolio with the $223 million acquisition of Castle Brands.

  • Reuters - UK Focus

    UPDATE 2-Pernod launches share buyback, new investments in U.S., China

    French spirits maker Pernod Ricard , which is being targeted by activist investor Elliott, unveiled a share buyback programme and new investments in China and the United States as it posted profit growth that beat forecasts. In the United States - its largest market where it now makes 18% of sales - Pernod further strengthened its bourbon whisky portfolio with the $223 million acquisition of Castle Brands.

  • Pernod launches share buyback, new investments in U.S., China
    Reuters

    Pernod launches share buyback, new investments in U.S., China

    French spirits maker Pernod Ricard , which is being targeted by activist investor Elliott, unveiled a share buyback programme and new investments in China and the United States as it posted profit growth that beat forecasts. In the United States - its largest market where it now makes 18% of sales - Pernod further strengthened its bourbon whisky portfolio with the $223 million acquisition of Castle Brands. Pernod Ricard is under pressure from U.S. hedge fund Elliott, which has a 2.5% stake, to improve profit margins and corporate governance.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Faltering stocks and some sharp drops

    * STOXX up 0.2%, DAX flat as trade tension puts brakes on rally * Dialight drops 35%, Funding Circle falls 24% * Galapagos climbs 5% after filgotinib drug announcement July 2 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net OPENING SNAPSHOT: FALTERING STOCKS AND SOME SHARP DROPS (0723 GMT) No surprises that enthusiasm among European investors is drying up somewhat today, with the trade-sensitive DAX barely managing to stay in positive territory and the STOXX 600 up just 0.2% after the latest tariff threat from the U.S. in a long-running aircraft subsidy dispute.

  • Pernod Ricard adds U.S. premium brand Rabbit Hole Whiskey to its portfolio
    Reuters

    Pernod Ricard adds U.S. premium brand Rabbit Hole Whiskey to its portfolio

    Pernod Ricard said on Friday it was acquiring Kentucky-based Rabbit Hole Whiskey, a high-end whiskey and bourbon maker founded seven years ago, as it seeks to expand its portfolio of specialty brands. "This partnership is the perfect implementation of our long-term investment strategy to create sustainable value," Pernod Ricard's Chief Executive Alexandre Ricard said in a statement. "Rabbit Hole is a fast-growing brand, strongly rooted in its (territory) and very well positioned in the high-end bourbon and Kentucky whiskey categories," he said.

  • Reuters

    Elliott target Pernod pushes up profit outlook

    French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, raised its profit outlook on bets cost savings and Chinese demand will offset a slowdown in quarterly sales growth. Pernod, the world's second-largest spirits group after Diageo, is hoping cost cuts, expansion into profitable premium brands such as Malfy gin and sustained demand for Martell cognac in China will underpin sales growth and profits. This truly reflects the efficiency of our strategy plan," CEO Alexandre Ricard told Reuters.

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