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Company research17 Jan 2024
World Leading Conglomerates Built on Mergers & Acquisitions
Explore an in-depth look at some of the most successful companies in M&A, delving into specific deals and providing visual insights.
Pernod Ricard
Pernod Ricard (RI) investor relations material
Pernod Ricard Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary15 Oct, 2026
Executive summary
Q1 FY27 net sales were €2,234m, down 0.9% organically and 6.3% reported; performance improved sequentially in a volatile, uneven environment.
Volumes returned to growth at 6%, including 2% growth in Strategic International Brand volumes.
Sales declined in the U.S. and China amid inventory adjustments; India and other markets grew, and underlying China depletions returned to growth.
Financial highlights
Organic net sales declined 0.9% (€21m); reported sales fell 6.3% (€151m), including €127m perimeter impact and €3m FX impact.
Regional organic sales: Americas -9%, Asia / Rest of World +9%, Europe -6%.
Stable pricing and positive volume were offset by geographic mix, as higher-profit U.S. and China markets declined and India benefited from IPO-related pipe fill.
Outlook and guidance
FY27 organic net sales guidance remains broadly stable, with declines expected in the U.S. and China and positive Rest-of-World momentum, notably India.
Organic operating margin will be strongly defended through strict cost control and accelerated operational efficiencies; strategic investments are expected at c. €700m.
U.S. and China inventory adjustments are expected to ease from Q1 but continue through the year; China underlying trends are expected to improve.
FY27–29 organic sales growth target averages close to the lower end of the +3% to +6% range, with organic operating margin expansion expected.
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Latest events from Pernod Ricard
- Organic net sales fell 3.9%, but cash flow and margins were strongly defended.RI
H2 2026 - Agile pricing, portfolio focus, and wholesaler realignment drive brand momentum and efficiency.RIInvestor Update
- Distribution changes and data-driven strategies boost Power Six brands and RTD growth.RIInvestor update (Q&A)
- Key brands outperform competitors as innovation and execution drive improved momentum.RIInvestor update
- Q3 organic net sales rose 4.1%, but full-year sales are forecast to decline 3–4% amid FX headwinds.RIQ3 2026
- Organic sales and profit declined, but free cash flow and debt metrics improved.RIH1 2026
- Q1 organic sales fell 7.6%, but H2 is expected to improve as key markets recover.RIQ1 2026
- Organic sales down 1%, margins up, net profit down 35%, FY25 growth expected.RIH2 2024
- Q3 organic net sales fell 3%, but volumes rose and FY25 outlook and dividend were confirmed.RIQ3 2025
Next Pernod Ricard earnings date
AGM 202620 Nov, 2026
Pernod Ricard
Next Pernod Ricard earnings date
AGM 202620 Nov, 2026
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Frequently asked questions
French Beverage Group
Pernod Ricard is a French beverage company specializing in the production and distribution of wines and spirits. The company has a diverse product portfolio that includes a range of brandy, champagne, distilled spirits, and much more. It owns several famous brands including Absolut Vodka, Jameson, Ballantines, Beefeater, Kahlua, and many, many more. In total, the company owns over 230 different brands of alcoholic beverages, with operations stretching all over the world. It is headquartered in Paris, France, and its shares are listed on the Euronext Paris.
Aniseed Aperitifs
The origins of the modern form of the company can be traced back to the creation of two separate companies: Pernod and Ricard. Pernod was founded in 1805 by Henri-Louis Pernod, who began distilling absinthe in Pontarlier, France. Ricard on the other hand was established in 1932 by Paul Ricard, who produced a new anise-flavored drink in the form of traditional pastis. Ricard became the first to commercialize pastis, promoting it as "the true pastis of Marseille."
However, the story of Pernod Ricard as we know it today began in 1975 when the two producers joined forces through a merger. The two companies had been fierce competitors, but the merger aimed to solidify the market positions of the country’s largest anise aperitif producers, while also setting the stage for further growth through acquisitions.
Growth Through Acquisitions
Ever since the initial merger between the two legacy companies, Pernod Ricard has been focused on growing through acquisitions. Continuous additions and acquisitions into the business over the years have seen the company move far away from its roots in aniseed aperitifs to stretch across a wide spectrum of spirits and wines. Pernod Ricard has grown into one of the largest alcoholic beverage groups in the world, together with other public companies such as Diageo and Anheuser-Busch.
Further reading: Pernod Ricard's Acquisition Journey
A Vast Array of Brands
Pernod Ricard owns a diverse portfolio of alcoholic beverages, encompassing a wide range of spirits such as whiskies, vodkas, rums, gins, cognacs, liqueurs, as well as various producers of wine. Notably, the company does not own any beer producers but instead focuses on its core areas of expertise.