French drinks group Pernod Ricard, owner of Jameson whiskey, has revised its sales forecast downwards for the year, citing 'extraordinary trade tensions' and economic headwinds in key markets. The company reported a 4% decline in sales for the first half of the year, largely due to difficulties in China and the US. Pernod announced plans to find €1 billion in savings and simplify its organization to offset the challenges.
Pernod Ricard said sales of Jameson 's premium brands saw"good growth" in China in the first half of the year despite the group's lacklustre performance there overall. Photograph: Bloomberg
In a half-year update for the current trading year, the Irish Distillers owner said sales declined 4 per cent to €6.17 billion in the six months to the end of December, largely due to ongoing challenges in China and the US. Updating its outlook for the remainder of the 2025 financial year and beyond, the drinks giant said it expects the global environment to sour somewhat in the medium term.
Next year, it said, is expected to be a “transition year” for the group, “conditional on the challenges posed by the global tariff environment”, with “improving trends in organic net sales”.
Pernod Ricard Jameson China US Sales Outlook Savings Trade Tensions
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