RI.PA - Pernod Ricard SA

Paris - Paris Delayed Price. Currency in EUR
-3.70 (-2.19%)
At close: 5:38PM CET
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Previous Close169.05
Bid0.00 x 0
Ask0.00 x 0
Day's Range165.35 - 168.80
52 Week Range149.35 - 179.50
Avg. Volume428,756
Market Cap43.623B
Beta (5Y Monthly)0.47
PE Ratio (TTM)29.96
EPS (TTM)5.52
Earnings DateFeb 13, 2020
Forward Dividend & Yield3.12 (1.85%)
Ex-Dividend DateNov 25, 2019
1y Target Est140.97
  • Reuters

    GLOBAL MARKETS-Dollar slams yen and safe-haven status, gold gains

    The rally in U.S. equities took a pause and the strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status. Gold prices hit their highest in seven years as investors sought safe-haven assets after a rise in the number of new coronavirus cases in South Korea. Oil prices rose, supported by China's efforts to bolster its virus-weakened economy.

  • Thomson Reuters StreetEvents

    Edited Transcript of RI.PA earnings conference call or presentation 13-Feb-20 8:00am GMT

    Half Year 2020 Pernod Ricard SA Earnings Call

  • Coronavirus to Have Prolonged Impact on Consumer Stocks, Barclays Says

    Coronavirus to Have Prolonged Impact on Consumer Stocks, Barclays Says

    (Bloomberg) -- Expectations that disruption from the coronavirus will be cleared up by the second quarter are “overly optimistic,” according to Barclays Plc’s consumer-staples analysts, who on Friday lowered their recommendations and estimates on three sector heavyweights.For cosmetics giant L’Oreal SA, the analysts said they wouldn’t be surprised if a full recovery took a year or more, based on how long it has taken the Chinese consumer to recover from previous slowdowns. Distillers Pernod Ricard SA and Remy Cointreau SA also have “material exposure” to China, leaving them vulnerable to a prolonged impact from the disease.“We expect disruption well into 2Q as a base case,” Barclays analysts including Laurence Whyatt and Iain Simpson wrote in a note Friday. “As yet, it is too soon to tell when footfall and spend in Chinese malls and travel retail might return to normal levels.”Some investors have so far been prepared to look beyond immediate concern over the impact of the virus as evidenced by a 3.8% gain in Pernod Ricard shares on Thursday after the distiller cited the outbreak for a reduction in its forecast of full-year profit growth. Both L’Oreal and Pernod Ricard shares are showing modest gains on the year, while Remy has fallen about 8%.The Barclays note spurred weakness in all three stocks on Friday, with L’Oreal and Remy being downgraded to underweight from equal-weight and Pernod cut to equal-weight from overweight.“We have little visibility as to when the virus will be taken under control,” the analysts wrote about the overall situation. “To our minds, reduced earnings visibility merits a lower valuation.”To contact the reporter on this story: Lisa Pham in London at lpham14@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Paul Jarvis, John ViljoenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • This European company isn’t sugarcoating its coronavirus problem

    This European company isn’t sugarcoating its coronavirus problem

    Pernod Ricard, the maker of Jameson whiskey and Absolut vodka, cut its annual profit growth outlook for 2019-2020 on Thursday, as it said China’s coronavirus epidemic was likely to have a “severe” impact on its third-quarter performance. The French spirits maker, which generates 10% of its global sales in China, said it couldn't predict the “duration and extent of the impact,” but stressed it remained confident on overall strategy. “In our view Pernod Ricard deserves credit for attempting to quantify the impact, which few other companies we follow have done,” said James Edwardes Jones, analyst at RBC Capital Markets.

  • U.S. Raises China Criticism; Details on New Cases: Virus Update

    U.S. Raises China Criticism; Details on New Cases: Virus Update

    (Bloomberg) -- Total cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. A top WHO official said many of the added cases date back days and weeks.Two top Chinese officials were removed in the biggest political fallout so far from the epidemic, and a report said China may delay its annual political meeting. A senior Trump administration official raised doubts about China’s transparency over the virus.Japan reported its first death from the illness. The European Commission singled out the outbreak as a “key downside risk,” and the International Energy Agency warned global oil demand will drop this quarter for the first time in more than a decade.Bloomberg is tracking the outbreak on the terminal and online. For analysis of the impact from Bloomberg Economics, click hereKey DevelopmentsChina death toll at 1,367, up 254; cases rise to 59,804Hubei infections jump by 14,840; death toll 242. Read this explainerApple to reopen some stores in Beijing on FridayKnocking on Hell’s Door’: Surviving the Coronavirus in WuhanGrim Toll of Virus Deaths Will Get Worse as Outbreak AgesFears Grow of Virus Being Passed Around Quarantined Japan CruiseKudlow Criticizes China Transparency Over Virus (1:27 p.m. NY)The White House’s top economic adviser heightened U.S. criticism of China’s response to the coronavirus outbreak, echoing ongoing doubts about the accuracy of counts of new cases and deaths.“We thought there was better transparency coming out of China, but it doesn’t appear to be,” Larry Kudlow, director of the National Economic Council, told reporters at the White House Thursday.Kudlow said the U.S. was disappointed that American health experts still hadn’t been allowed in, and questioned the details behind the more than 13,000 cases China added to its total Thursday.“We don’t know if it’s contained in China. We thought they were tailing off in their headcount. It turns out that might not be the case,” Kudlow said. “On this particular matter, we are quite disappointed in China’s response.“China Considers Delaying Parliament Meeting, Kyodo Says (12:04 p.m. NY)China is considering whether it will postpone its national political meeting that is slated for March 5, the Japanese news organization Kyodo reported, citing unidentified sources close to the matter.The National People’s Congress gathering is China’s biggest annual political event, and any delay would be the first in decades.China’s economic targets for the year are usually published after the meeting. A final decision will be made based on when the coronavirus spread reaches its peak, Kyodo said.White House Raises Doubts About China Counts: Reports (11:56 a.m. NY)The Trump administration isn’t confident in the information coming out of China about the coronavirus, according to reports from Fox News and CNBC citing anonymous administration sources.Current counts from China put the number of cases of the new coronavirus at about 60,000, as of Thursday morning. Estimates by outside experts have for several weeks now suggested far higher figures that China’s numbers, and hospitals and health workers at the center of the outbreak in the province of Hubei have been overwhelmed.In public, Trump has repeatedly praised the Chinese government’s response, and tweeted last week to say he was impressed by Chinese President Xi Jinping’s leadership. At least 1,300 people have died from the virus, tens of millions of people have been put into a regional quarantine, and world governments have limited travel to China.The U.S. has offered to send health experts to the front lines of the outbreak, as part of a World Health Organization-led delegation to study the coronavirus and the illness it causes. U.S. officials have said those offers have been ignored so far, and the WHO declined to comment Thursday on whether Americans would be included.WHO Says Added Group of Cases Date Back Days, Weeks (10:45 a.m. NY)A top World Health Organization official said that the more than 13,000 new Chinese cases reported Thursday are older and don’t represent a sudden surge in new infections.“Most of these cases relate to a period going back over days and weeks, in some cases back to beginning out of the outbreak itself,” said Mike Ryan, executive director of the WHO Health Emergencies Programme. “This increase you’ve seen in the last 24 hours is largely down to how cases are being diagnosed and reported.”Early Thursday morning, authorities in Hubei province, where the outbreak is centered, said they could count cases diagnosed through clinical symptoms such as a cough, and a chest scan showing signs of pneumonia. The new criteria allow cases to be added without a positive diagnostic test.To read more on the increase in total cases, click here for Bloomberg’s explainer.Alibaba Warns of Impact on Chinese Economy (9:53 a.m. NY)Alibaba Group Holding Ltd., the Chinese e-commerce giant, warned that the coronavirus is exerting a fundamental impact on the country’s consumers and merchants, and will hurt its revenue growth in the current quarter.Alibaba, the first major Chinese technology corporation to report results since the epidemic emerged in January, said the virus is undermining production because many workers can’t get to or perform their jobs. It’s also changed buying patterns with consumers pulling back on discretionary spending, including travel and restaurants.Ralph Lauren Sees Sales Hit From Virus (8:08 a.m. NY)The apparel maker said its fourth quarter will take a sales hit of as much as $70 million because of the virus, while operating income from Asia will be as much as $45 million lower. Supply-chain disruptions in China could also affect a “small portion” of the company’s fourth-quarter orders globally. About two-thirds of Ralph Lauren’s stores in mainland China have been temporarily closed over the past week.Japan Reports First Death (7:22 a.m. NY)Japan confirmed its first death from the virus. The woman, in her 80s, resided in Kanagawa prefecture outside of Tokyo, Health Minister Katsunobu Kato told a press conference. She was being treated for a separate condition. Kyodo News reported that she had no known links to Wuhan. The case would be the third death outside mainland China.Chinese EV Maker NIO Delays Salary Payments (6:17 a.m. NY)Chairman William Li told employees that the cash-strapped electric-car maker will pay January salaries on Friday, six days behind schedule, because of difficulties stemming from the outbreak of the virus. NIO posted losses of more than $300 million in the quarter ended September -- the latest period for which the company’s financials are available.European Commission Calls Virus Key Downside Risk (6 p.m. HK)The virus risks further damping the outlook for European economic growth. The commission said the euro-area economy remains on a “steady path,” partly because its baseline assumption is that the outbreak peaks in the first quarter.The ECB is already on alert over the newly emerged threats. Spanish policy maker Pablo Hernandez de Cos added to the chorus of officials, saying the coronavirus is compounding risks for the region after some earlier signs of stabilization. Chief Economist Philip Lane said on Wednesday the economy could experience a “pretty serious short-term hit.”India Has Almost 16,000 Under Surveillance (5:24 p.m. HK)A community surveillance program is underway across 34 Indian states and union territories, Indian government said. India is screening passengers at 21 airports, international seaports and border crossings.H.K., Singapore Rugby Sevens Postponed (5:10 p.m. HK)Hong Kong Rugby Union and Sport Singapore confirmed plans to reschedule the World Rugby Sevens Series 2020 to October from April due to concerns related to novel coronavirus outbreak.IEA Sees First Global Oil Demand Drop in a Decade (5 p.m. HK)World fuel consumption -- which had previously been expected to grow by 800,000 barrels a day during the three-month period, compared with a year earlier -- will instead contract by 435,000 a day, the IEA said in its monthly oil market report.For 2020 as a whole, the virus will curb annual growth in global consumption by about 30% to 825,000 barrels a day, the lowest since 2011. The effects will be more significant than those of the 2003 SARS epidemic.Japanese Bank Quarantines Some Hong Kong Staff (4:59 p.m. HK)An employee of Mitsubishi UFJ Financial Group Inc. has been quarantined at home in Hong Kong after a family member was suspected of being infected with the new coronavirus, according to company memos seen by Bloomberg News.The employee, who is from the Japanese bank’s Quarry Bay office, is not infected. As a precautionary measure, other colleagues in the same office were also quarantined.China’s Confirmed Cases Climb Toward 60,000 (4:11 p.m. HK)China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei’s new method for counting infections accounting for the bulk of the additions.The death toll rose by 254, the National Health Commission said at briefing. That brings the total fatality rate in mainland China to 1,367.The NHC said there are 8,030 severe cases, while 5,911 have recovered or been discharged.Outside of mainland China, two deaths have been reported, one in Hong Kong and the other in the Philippines.Pernod Cuts Forecast as Coronavirus Hits Sales (4 p.m. HK)Pernod Ricard SA cut its forecast for full-year profit growth by about half, citing the effect of the coronavirus on sales of drinks including Jameson whiskey in the key Chinese market.It cited the “severe impact” of the virus, including bar and store closures in the outbreak’s epicenter, Hubei province. The maker of Martell Cognac joins a growing number of companies to lower their outlook for 2020 to account for the spread of the virus.Australia Extends Entry Ban From China (3:03 p.m. HK)Australia will extend its ban on people entering the country from mainland China due to the coronavirus for an extra week, Prime Minister Scott Morrison said. The original 14-day ban was due to expire on Saturday. Australia’s National Security Committee will review the need for the ban on a week-by-week basis, Morrison told reporters in Canberra.Hubei Province Extends Work Suspension (2:54 p.m. HK)China’s Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government.China Car Sales Plunge by Most in Eight Years (2:19 p.m. HK)Car sales in China plunged to fresh lows in January as the coronavirus kept buyers away from showrooms, intensifying the gloom hanging over the industry.Sales to dealerships fell 20% to 1.61 million cars last month, the China Association of Automobile Manufacturers said. That’s the biggest monthly drop since January 2012.The outbreak is exacerbating manufacturer and dealership woes in the world’s biggest market, which is also being hit by a slowing economy and trade tensions. Sales were heading for an unprecedented third straight annual decline even before the virus forced authorities to lock down the epicenter of Wuhan and beyond.China Replaces Officials in Hubei, Wuhan (12:15 p.m. HK)Jiang Chaoliang was removed from his post as Communist Party secretary for the central province of Hubei, the official Xinhua News Agency said. He was replaced by Ying Yong, the mayor of the financial hub Shanghai.At the same time, Ma Guoqiang was dismissed as party secretary of Wuhan, the city in Hubei where the outbreak originated. He was replaced by Wang Zhonglin, CCTV reported.The shakeup -- following Beijing’s decision to dispatch top officials to the hardest hit province of Hubei -- comes amid deepening concerns about early efforts to suppress information about the severity of the health crisis.Ma, the Communist Party’s highest ranking member in Wuhan, has said he was full of guilt and regret for not acting faster.China also replaced the head of its top agency overseeing Hong Kong. Authorities there have faced public criticism over their handling of the coronavirus outbreak, which has led to runs on surgical masks and toilet paper, shuttered schools through March and further deepened mistrust of the government after months of violent demonstrations.Japan Finds 44 More Cases on Cruise Ship (11:32 a.m. HK)Japanese Health Minister Katsunobu Kato said another 44 people on board the Diamond Princess cruise ship off Yokohama have tested positive for coronavirus infection.The new cases bring the total number of infections to 218 from the ship, which had about 3,700 people aboard when it was placed in quarantine last week. Kato said five people from the cruise ship are in serious condition after being infected with the virus.Kato said passengers will begin priority disembarkation on Friday. The Health Ministry said in a separate statement that passengers over 80 years old, those in rooms without windows and those with underlying conditions will be prioritized for being let off the ship.The Diamond Princess was placed under quarantine last week and checks were conducted after a passenger from Hong Kong who had been on the ship tested positive for the virus. The ship has become a case of concern because of the possibility of more infections in the vessel’s confined spaces, and the increased risks to elderly passengers.Hong Kong to Extend School Closure (10:31 a.m. HK)Hong Kong will extend the temporary closure of non-tertiary schools until March 16, Secretary for Education Kevin Yeung said in a briefing. Schools had been scheduled to resume March 2.Yeung said Hong Kong would decide on when to reopen schools with experts’ advice. Students are advised to make use of e-learning during campus closures.China’s Cases Jump by 15,000 After Counting Change (10 a.m. HK)The number of officially diagnosed coronavirus cases in the Chinese province of Hubei surged by 45% to nearly 50,000 after the Hubei provincial government began adding cases that were confirmed via imaging scans, alongside those confirmed with the previous method of nucleic acid testing kits.The abrupt spike reversed the declining growth trend of previous days. The Hubei national health commission said it would now start including cases confirmed by “clinical diagnosis,” which refers to using CT imaging scans to diagnose patients.Previously, many patients with pneumonia-like symptoms found via CT scans could not be diagnosed as positive without an additional nucleic acid test.Of 14,840 new cases, 13,332 are from the new category of clinical diagnosis using CT scans, said the statement. The death toll in Hubei rose by 242, of which 135 cases are from the new method of diagnosis, it said.It is unclear over which time period the number of cases in the new category were detected. In a press conference in Beijing Thursday afternoon, officials only took questions from state media, and no one asked about the data revisions.Outcast Cruise Ship to Moor in Cambodia (9:57 a.m. HK)The 2,257 passengers and crew aboard a luxury cruise liner that was barred by many ports over coronavirus fears will finally set foot on dry land, ending their ordeal.The outcast Westerdam was set to arrive in Cambodia’s Sihanoukville early Thursday, Holland America Line, part of Miami-based Carnival Corp., said in a statement. Thailand was the latest country to turn it away even after the operator said it had no reason to believe there were any cases of the deadly virus on board.U.S. Confirms 14th Coronavirus Case (8:48 a.m. HK)An American who was brought home on a State Department flight from central China became the 14th person with the infection in the U.S., the Centers for Disease Control and Prevention said.The patient was under quarantine at the same U.S. airbase in San Diego where another repatriated American was previously diagnosed with the disease known as Covid-19. There had been no contact between the two patients, who were on different flights coming out of China and were housed in separate facilities, indicating that the virus hadn’t spread between them.\--With assistance from Karen Leigh, Natalie Lung, Dandan Li, Iain Marlow, Isabel Reynolds, Dong Lyu, Sharon Chen, Thomas Buckley, Tian Ying, Lily Nonomiya, John Lauerman, Mark Schoifet, Jordan Fabian and Linly Lin.To contact Bloomberg News staff for this story: Michelle Fay Cortez in Minneapolis at mcortez@bloomberg.net;Robert Langreth in New York at rlangreth@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, ;Adveith Nair at anair29@bloomberg.net, ;Drew Armstrong at darmstrong17@bloomberg.net, Kenneth WongFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Pernod Ricard CEO: we're confident on China despite virus

    Pernod Ricard CEO: we're confident on China despite virus

    French spirits maker Pernod Ricard remains confident over its medium term-prospects in China despite the coronavirus epidemic which will hit its full year sales, its chief executive told Reuters on Thursday. Alexandre Ricard also said in a phone interview that his assumption was that consumer demand for spirits in China would return to normal from June. Pernod Ricard has a medium-term ambition to grow sales at a high single digit to low double digit rate in China.

  • Pernod Ricard cuts annual profit growth forecast due to China virus

    Pernod Ricard cuts annual profit growth forecast due to China virus

    French spirits group Pernod Ricard cut its full-year profit growth outlook for 2019-2020 on Thursday, saying the coronavirus epidemic in China was likely to have a severe impact on its third-quarter performance. The company, which makes 10% of its sales in China, said it could not currently predict the duration and impact of the crisis, but added it nevertheless remained confident on its overall corporate strategy. Pernod, the world's second-biggest spirits group behind Diageo, is now targeting an organic rise of between 2% and 4% in profit from recurring operations for the year to June 30, 2019.

  • Financial Times

    Pernod Ricard curbs profit target on China virus outbreak

    Pernod Ricard cut its annual profit target on fears of a big hit from the coronavirus outbreak in China, the spirits maker’s third-largest market. The family-backed company, which has been under pressure from activist investor Elliott Management, said on Thursday that its operating profit from recurring operations would grow between 2 per cent to 4 per cent this year, down from a prior forecast of 5 per cent to 7 per cent. For the maker of Martell cognac and Jameson whiskey, China represents about 10 per cent of global sales and 15 per cent of core operating profit.

  • Pernod Ricard cuts guidance, blaming the coronavirus

    Pernod Ricard cuts guidance, blaming the coronavirus

    Pernod Ricard SA on Thursday slashed its full-year guidance, saying that it expects the coronavirus outbreak to have a severe impact on its third fiscal quarter, even as it reported higher net profit and sales for the first half of its fiscal year.

  • Pernod Ricard SA (EPA:RI) Earns A Nice Return On Capital Employed
    Simply Wall St.

    Pernod Ricard SA (EPA:RI) Earns A Nice Return On Capital Employed

    Today we'll look at Pernod Ricard SA (EPA:RI) and reflect on its potential as an investment. In particular, we'll...

  • Reuters

    Beer, wine, spirit makers pledge age-restriction labels on drinks

    Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking. The International Alliance for Responsible Drinking (IARD), which includes Anheuser-Busch InBev, Diageo and Pernod Ricard, say age-restriction symbols or wording would be in place in all markets by 2024. The labels would also extend to alcohol-free versions of established brands.

  • How Should Investors React To Pernod Ricard SA's (EPA:RI) CEO Pay?
    Simply Wall St.

    How Should Investors React To Pernod Ricard SA's (EPA:RI) CEO Pay?

    Alexandre Ricard has been the CEO of Pernod Ricard SA (EPA:RI) since 2015. First, this article will compare CEO...

  • Brown-Forman: A Well-Moated Business Riding the Global Megatrend of Premiumization

    Brown-Forman: A Well-Moated Business Riding the Global Megatrend of Premiumization

    Iconic brands, industry tailwind, moderate risks Continue reading...

  • Despite Its High P/E Ratio, Is Pernod Ricard SA (EPA:RI) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Pernod Ricard SA (EPA:RI) Still Undervalued?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Urbem's 'Wonderful Business' Series: Diageo

    Urbem's 'Wonderful Business' Series: Diageo

    A moaty bet on premiumization Continue reading...

  • Reuters

    UPDATE 1-Trump cancels his NATO summit news conference

    U.S. President Donald Trump cancelled his scheduled news conference at the end of the NATO summit in Britain on Wednesday, saying he had briefed the media many times during his two-day trip. "When today's meetings are over, I will be heading back to Washington," Trump said in a tweet. Trump said he would hold final bilateral meetings with Denmark and Italy at the golf resort near London where the military alliance has gathered for its 70th anniversary before returning to the United States.

  • Reuters

    Turkey drops block on defence plan for Baltics - NATO chief

    NATO Secretary-General Jens Stoltenberg said on Wednesday that Turkey had dropped its block on a plan to bolster the defences of Baltic states and Poland against Russia. Ahead of the summit, Ankara had refused to back the NATO defence plan for the Baltics and Poland until it received more support for its battle with the YPG, including other alliance members recognising it as a terrorist group. In a final press conference after the summit, Stoltenberg also said that NATO was in favour of dialogue and a better relationship with Russia, and believed that China should be part of future arms limitations or reductions talks.

  • Reuters

    Britain's Johnson backs digital tax despite Trump's ire

    British Prime Minister Boris Johnson said he would press ahead with new taxes on U.S internet giants like Facebook and Google, putting him at odds with U.S. President Trump who has threatened retaliation against France over its digital tax plans. "On the digital services tax, I do think we need to look at the operation of the big digital companies and the huge revenues they have in this country and the amount of tax that they pay," Johnson said on Tuesday, according to a BBC report.

  • Reuters

    U.S. and Russia want a new treaty on nuclear weapons - Trump

    U.S. President Donald Trump said on Tuesday the United States and Russia wanted to reach a new treaty agreement on nuclear weapons. "Frankly, the whole situation with nuclear is not a good situation," Trump said ahead of NATO leaders summit. Trump said China was interested in joining the talks.