Welcome to our dedicated page for Pernod Ricard S news (Ticker: PRNDY), a resource for investors and traders seeking the latest updates and insights on Pernod Ricard S stock.
The PRNDY news page aggregates recent announcements and brand communications connected to Pernod Ricard S.A. and its U.S. subsidiary, Pernod Ricard USA. These items provide insight into how the global premium spirits and wine group develops its portfolio, approaches sustainability, and engages with consumers through marketing, partnerships and category-focused initiatives.
Readers can find coverage of brand campaigns for labels such as Malibu, Absolut and The Glenlivet, where the company outlines collaborations with public figures, new creative platforms and consumer research. For example, Malibu features in campaigns encouraging work-life balance and "vacation you" themes, while Absolut has highlighted a collaboration with Paris Hilton around the Cosmopolitan cocktail and related drinkware. The Glenlivet appears in stories that connect Scotch whisky heritage with contemporary culture and design.
News related to champagne and sparkling wine includes G.H. Mumm’s partnership with TOWT to ship champagne by sailing cargo ship from Le Havre to New York, framed as part of Pernod Ricard’s path toward carbon neutrality by 2050. This type of coverage illustrates how the group links brand activity with broader environmental objectives across viticulture, packaging, distillation and transport.
Corporate and category developments also appear in the feed. Examples include the establishment of North American Distillers to oversee the American whiskey portfolio, as well as a new Route-to-Market strategy for Pernod Ricard USA that introduces dedicated divisions for ready-to-drink offerings and emerging brands. There is also information on the "Good Nights Are Safe Nights" initiative, which focuses on responsible nightlife and harm reduction in partnership with Safe Night LLC.
By following PRNDY news, investors and observers can see how Pernod Ricard’s global positioning as a premium spirits and wine group is reflected in its U.S. operations, brand strategies, sustainability projects and responsibility programs. This page can be revisited to monitor new campaigns, category moves and corporate initiatives as they are announced.
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Pernod Ricard reported strong sales for the first nine months of FY23, totaling €9,507 million with an 8% organic growth. Price increases across all regions contributed to a 9% price effect.
Sales in the USA declined by 1%, while China saw a 5% drop. However, India exhibited a robust growth of 15%, and Global Travel Retail experienced a remarkable recovery with 33% growth.
Reported sales increased by 13%, benefiting from favorable exchange rates. The company anticipates a strong Q4 performance while expecting +10% organic growth in profit from recurring operations for the full year. An interim dividend of €2.06 per share will be detached on 5 July 2023.
Pernod Ricard has signed an agreement to acquire a majority stake in Skrewball, the first super-premium peanut butter flavored American whiskey, founded in 2018. Skrewball achieved sales of over half a million nine-liter cases in 2022, contributing to the growing flavored whiskey category in the US, which represents a quarter of overall whiskey sales. This acquisition complements Pernod Ricard's strategy of premiumization and consumer-centric growth. Ann Mukherjee, CEO of Pernod Ricard North America, expressed confidence in Skrewball's potential for growth under their management, while the founders highlighted their excitement for Skrewball's future.
Pernod Ricard has announced a share buyback program worth €300 million as part of its overall €750 million commitment for FY23, originally disclosed on September 1, 2022. The buyback will commence on February 20, 2023, and may extend until April 6, 2023. The maximum purchase price for shares is capped at €320 each, as approved by shareholders at the meeting on November 10, 2022. With consolidated sales of €10,701 million in FY22, Pernod Ricard continues to be a leading player in the global wines and spirits market, managing over 240 premium brands.
Pernod Ricard reported strong financial performance for H1 FY23, with sales reaching €7,116m, reflecting a +12% organic growth. The growth was broad-based across regions: Americas +7%, Asia-RoW +18%, and Europe +6%. Notably, all spirits segments saw double-digit growth, with Strategic International Brands up by +13%. The pricing dynamic remained robust with a +10% increase, and gross margin expanded by +5 bps. Net profit increased by +29% to €1,792m. However, free cash flow decreased by 28% due to higher working capital needs. The company remains optimistic about continued growth in FY23.