Daily Archive: February 15, 2024
Pernod’s U.S. Sales Dip 7% In First Half, A&P Investments To Boost Second Half
Pernod Ricard saw organic sales drop by 3% to €6.6 billion ($7.1b) for its fiscal first half ended in December, with sales in the Americas and Europe dragging down the company’s slight gains in the rest of the world. Organic profit was down 3% to €2.1 billion ($2.3b). Pernod attributed the decline to the end of the Covid-era boom in sales, as well as inventory adjustments in the U.S. and economic challenges in China. Continue reading →
Posted in News on February 15, 2024Treasury Americas Looks To Second Half After H1 Decline
Treasury Wine Estates saw sales in its Americas unit decline 6.5% at constant currency to A$448 million ($291m) in the company’s fiscal first half through December, as volume dipped 7% to 2.8 million 9-liter cases. EBITS in the Americas division fell 23% at constant currency to A$93 million ($60m). Continue reading →
Posted in News on February 15, 2024News Briefs for February 15, 2024
•Baron Philippe de Rothschild has named New York-based Turquoise Life as exclusive U.S. importer of Mouton Cadet. Continue reading →
Posted in News on February 15, 2024
