PARIS (Reuters) – French spirits maker Pernod Ricard said on Thursday it expected “dynamic” sales growth to continue through its 2023 fiscal year after it delivered a forecast-beating 11% sales growth in the first quarter helped by price increases in U.S, its top market.
Pernod, the world’s second-biggest spirits group behind Diageo, said the strong start to the year also reflected strong demand in China and in India and a continued rebound in global travel retail.
Pernod Ricard’s fiscal year started on July 1.
Pernod – which owns Martell cognac, Mumm champagne and Absolut vodka – reported sales of 3.308 billion euros ($3.23 billion) from July to September, a like-for-like rise of 11%, beating an analyst consensus of 9.3%.
($1 = 1.0234 euros)
(Reporting by Dominique Vidalon, editing by Tassilo Hummel)
