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Pernod Ricard reports a 3% drop in sales, citing issues in India and China as key factors.
Pernod Ricard, the owner of Jameson Irish Whiskey, reported a 3% drop in third-quarter sales, missing analyst expectations.
The decline was attributed to customs issues in India, production interruptions, Easter timing, and tariffs affecting cognac sales in China.
Global travel retail sales fell by 31%.
Despite challenges, the company maintained its outlook for a low, single-digit decline in sales for the year.
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Pernod Ricard informa de una caída del 3% en las ventas, citando problemas en India y China como factores clave.