Pernod Ricard see gradual improvement in Q1 sales
Pernod Ricard has revealed growth of +3%, confirming the continuation of a gradual improvement in sales. It’s top 14 brands posted a good performance (+2%), driven by Jameson and The Glenlivet.
Priority Premium Wines rebounded at +8%, due to improvement in the UK and Australia.
Alexandre Ricard, Chairman and Chief Executive Officer, stated, “The beginning of the financial year is consistent with our scenario of continued gradual improvement in sales in a contrasted environment. We are aiming for +1% to +3% organic growth in profit from recurring operations for FY 2015/16 and we expect a positive but volatile foreign exchange impact*.
“We continue to implement our long-term growth strategy, while increasing investments behind our priority brands and innovations and remaining very disciplined on costs and pricing.”