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Pernod Ricard SA (PRNDY) Q4 2026 Earnings Call Transcript

Sales growth was dragged by sharp organic declines of 14% and 19%, respectively, in the group's key U.S. and Chinese markets.

French spirits group Pernod Ricard reported a worse-than-expected 3.9% organic sales decline of its ​fiscal year 2026 on Thursday, reflecting persistent ‌soft consumer demand in the U.S. and China and disruption to tourism from the conflict in the Middle-East ​in the fourth quarter.

PARIS--(BUSINESS WIRE)--Regulatory News: Pernod Ricard (Paris:RI): Press Release – Paris, 27th August 2026 Disciplined execution defending margin, delivering efficiencies and strengthening cash generation FY26 Organic Net Sales -3.9%, excluding the US and China +0.5%. FY26 was characterized by a contrasted environment, with continued softness in the US amplified by inventory adjustments and with weak demand in…

Pernod Ricard is once again in the crosshairs of the ongoing trade spat between the United States and the European Union. Despite the ongoing risks, the stock's nearly 70% decline over the past couple of years cannot be justified by the lower margins alone. The dividend seems to be at risk if profitability headwinds persist, but that's already accounted for.