06-02-2025
- Business
- Wall Street Journal
Pernod Ricard Lowers Guidance on Economic, Geopolitical Uncertainties
French liquor group Pernod Ricard RI -3.63%decrease; red down pointing triangle lowered its expectations for its fiscal year, citing economic and geopolitical uncertainties that continue to hit the spirits industry.
The maker of Absolut Vodka anticipates a low single-digit decline in organic net sales for the year ending June and its aiming to sustain its organic operating margin. It had previously forecast a return to sales growth for fiscal 2025.
