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Pernod Ricard sales return to growth in Q3 22nd April, 2021 by Nicola Carruthers
Absolut owner Pernod Ricard saw organic sales return to growth in the first nine months of fiscal 2021, driven by a double-digit increase in the third quarter.
Absolut vodka’s sales continued to decline in Q3
For the nine months ending 31 March 2021, Pernod Ricard’s sales grew 1.7% to €6.9 billion (US$8.3bn), which marked the firm’s return to growth.
The increase was led by the firm’s third quarter sales, which rose 19.1% to €1.9bn (US$2.3bn).
The sales boost followed Pernod Ricard’s most recent financial results in February, which saw profits drop 2.4% in the last six months of 2020.
Travel retail hits Pernod half-year sales 11th February, 2021 by Owen Bellwood
Jameson owner Pernod Ricard saw profits drop 2.4% in the last six months of 2020 due to the impact of the coronavirus pandemic on travel retail.
Jameson Irish whiskey is owned by Pernod Ricard
Pernod Ricard’s half-year results for its 2020 fiscal year saw sales decrease 3.9% on an organic basis to €4.99 billion (US$6.05bn) and profits drop 2.4%.
According to its latest results, the Absolut Vodka maker saw sales improve during Q2 compared with Q1. However, declining travel retail sales affected the group’s performances in the Americas, Europe and Asia.
Pernod Ricard’s sales, excluding travel retail, grew by 1% during the six-month period.