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Pernod Ricard's Q1 sales dropped 7.6% due to weak demand in China and the U.S., but recovery is expected later this year.
Pernod Ricard reported a 7.6% decline in first-quarter organic sales to €2.384 billion, citing weak demand in China and the U.S., inventory adjustments, and currency fluctuations.
Sales fell 27% in China and 16% in the U.S., with economic pressures and tax changes in India affecting performance.
Despite challenges, the company expects recovery in the second half, particularly in Cognac sales at Chinese duty-free sites, and maintains its long-term outlook for 3%–6% annual organic growth and margin expansion through 2028/29.
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Las ventas del primer trimestre de Pernod Ricard cayeron un 7,6% debido a la débil demanda en China y Estados Unidos, pero se espera una recuperación a finales de este año.