Brief: Pernod eyes further inventory adjustments in U.S., China through FY, CFO says

Pernod Ricard SA

15/10/2026 08:30

Oct 15 (Reuters) - Pernod Ricard PERP.PA CFO Mauve Croizat tells analysts during a call:
SOME FURTHER INVENTORY ADJUSTMENTS EXPECTED IN U.S. FOR FULL YEAR
THE PACE OF DECLINE IN U.S. SELL-OUT IS DECREASING, BUT NOT COUNTING ON MATERIAL BOUNCE BACK IN SENTIMENT THERE
OUR GUIDANCE ALSO ANTICIPATES INVENTORY ADJUSTMENTS THROUGH FY IN CHINA
CONSUMER SENTIMENT REMAINS LOW IN U.S, AFFORDABILITY REMAINS AN ISSUE FOR CONSUMERS
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 (Reporting By Dominique Vidalon, Emma Rumney)
 ((dominique.vidalon@thomsonreuters.com;))