RI.PA - Pernod Ricard SA

Paris - Paris Delayed Price. Currency in EUR
169.40
-0.25 (-0.15%)
As of 2:53PM CET. Market open.
Stock chart is not supported by your current browser
Previous Close169.65
Open170.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range168.80 - 170.65
52 Week Range136.00 - 179.50
Volume88,926
Avg. Volume442,436
Market Cap44.692B
Beta (3Y Monthly)0.49
PE Ratio (TTM)30.91
EPS (TTM)5.48
Earnings DateFeb 13, 2020
Forward Dividend & Yield3.12 (1.84%)
Ex-Dividend Date2019-11-25
1y Target Est140.97
  • PR Newswire

    Changes To The Pernod Ricard Executive Committee

    NEW YORK, Nov. 7, 2019 /PRNewswire/ -- Pernod Ricard announces that Paul Duffy, Chairman & Chief Executive Officer of Pernod Ricard North America and a member of the Group's Executive Committee (COMEX), has declared his intention to leave the group to return to Ireland. Paul will continue to serve until Ann's arrival.

  • Business Wire

    Changes to the Pernod Ricard Executive Committee

    Pernod Ricard (RI.PA) announces that Paul Duffy, Chairman & Chief Executive Officer of Pernod Ricard North America and a member of the Group’s Executive Committee (COMEX), has declared his intention to leave the group to return to Ireland. Paul will continue to serve until Ann’s arrival.

  • China’s Economy Slows on Weak Investment, Testing Global Growth
    Bloomberg

    China’s Economy Slows on Weak Investment, Testing Global Growth

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China continued its grind to more moderate growth in the third quarter as investment slowed, providing little upside for a global economy flirting with its first recession since 2009.Gross domestic product rose 6% in the July-September period from a year ago, the slowest pace since the early 1990s and weaker than the consensus forecast of 6.1%. On the upside, factory output improved and retail sales held up, but slowing investment growth remained a concern.Policy makers appear to be allowing the world’s second-largest economy to drift lower as they seek to clean up the financial system and curb excessive credit growth while they fight a confidence-sapping trade war with U.S. President Donald Trump. With a drop off in exports to the U.S. expected to continue as long as tariffs remain, the economy is likely to keep struggling as falling factory prices hit company profits and rising consumer inflation hits spending power.Even with the slowdown, year-to-date growth of 6.2% suggests the government can hit its target of an expansion of 6% to 6.5% for 2019. Until now, officials have focused on limited, targeted measures such as reserve-ratio cuts and credit support, wary of expanding the nation’s already heavy debt load. A meeting of the Communist Party’s top leadership due in the coming days may present an opportunity to review stimulus settings.“China’s economy is grappling with both external and internal headwinds,” said Frederic Neumann, co-head of Asian economics research at HSBC Holdings Plc in Hong Kong. “Exports started to contract of late amid wobbly global demand and rising tariffs in the U.S. Despite some stabilization in retail sales and industrial production in September, overall demand continues to soften, reflecting still relatively tight credit conditions.”Stocks pared earlier gains after the data, with the Hang Seng slipping 0.5% and the Shanghai Composite falling 1.3%. The offshore yuan was weaker at 7.0850 per dollar at 2:43 p.m. in Hong Kong.Further Details from the Report:Factory output rose 5.8% in September, retail sales expanded 7.8%, while investment gained 5.4% in the first nine monthsInfrastructure investment growth picked up to 4.5% in the nine months to SeptemberThe contribution of net exports to GDP growth picked up to 19.6% in the 9 months through September. That’s not necessarily an indication of economic strength though, as it was likely led by a pullback in importsConsumption’s contribution increased to 60.5% from 55.3%; Investment’s contribution slowed to 19.8% from 25.9%The surveyed jobless rate remained at 5.2%Nominal growth, which is un-adjusted for inflation, slowed to 7.6% from a year earlier, according to Bloomberg calculations. That’s the slowest since the third quarter of 2016.The nominal growth rate “tends to capture the cycles in the economy better,” according to a research note from Trivium China. It also gives a better idea of whether growth is fast enough to repay the nation’s growing debt, as lending is denominated in nominal values and isn’t adjusted for inflation.The slowing nominal rate indicates that the deflator, a reading of inflation across the economy, dipped to 1.6%.As China slows, it is buying less from the rest of the world, pushing its trade surplus higher and dragging on global economic growth. That’s having a knock-on effect on trade partners, from developed economies like Germany to commodity suppliers.Global policy makers including People’s Bank of China Governor Yi Gang are meeting in Washington this week for the International Monetary Fund’s annual meetings. The IMF set the tone for the gathering, making its fifth-straight cut to its forecast for 2019 global growth, which is on pace for the slowest expansion in a decade.The long-term slowdown underlines the challenge for companies doing business in China now, where high sales growth had once been a given.French distiller Pernod Ricard SA said growth in China slowed to 6% in the latest three months, less than one-quarter of the year-earlier rate. Nestle SA said sales in the country were flat for the first nine months, while Unilever said business there “slowed a little” in the latest period.What Bloomberg’s Economists Say..“China’s 3Q GDP growth, while avoiding falling below 6% for now, was in line with our view that the consensus forecast appeared optimistic. September industrial production growth was unexpectedly strong, but a further deceleration in investment growth underscores the challenges of using infrastructure spending to support growth.”Chang Shu and David Qu, Bloomberg EconomicsFor the full note click hereInvestors are looking for further confirmation of a detente between the U.S. and China on trade, as signs emerge that an agreement struck between negotiators in Washington this month and due to be signed by President Xi Jinping and Trump in November isn’t water-tight.China’s Ministry of Commerce Thursday signaled that Beijing is still pushing for the removal of all tariffs imposed by the U.S. since the trade war began -- a concession that’s not currently on the table.“The economy would almost surely slow further with the current policy stance,” said Larry Hu, head of China economics at Macquarie Securities Ltd. in Hong Kong. “Due to the lack of demand now, the government has to create more demand by itself through infrastructure spending. Even a trade deal is not an substitute for an escalation of stimulus.”\--With assistance from Kevin Hamlin, Rachel Chang and Carolynn Look.To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net;Tomoko Sato in Tokyo at tsato3@bloomberg.net;Miao Han in Beijing at mhan22@bloomberg.netTo contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James MaygerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Emerging markets come off the boil for Nestle and Unilever
    Reuters

    Emerging markets come off the boil for Nestle and Unilever

    ZURICH/LONDON (Reuters) - Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. Unilever, Nestle and drinks group Pernod Ricard all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact. Packaged goods companies like these have been relying more on emerging markets to offset changing habits in developed economies, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.

  • Pernod Ricard  Reports a Slowdown in Asian Demand
    Bloomberg

    Pernod Ricard  Reports a Slowdown in Asian Demand

    (Bloomberg) -- Pernod Ricard SA began its fiscal year on a tepid note as demand for cognac in China slowed after stellar growth this time last year. The slowdown in Asia contrasts with a strong performance by rival LVMH’s wine and spirits division, which includes Belvedere vodka and Moet & Chandon champagne.Sales at the world’s second-largest distiller grew 1.3% on an organic basis in the first quarter. Analysts expected 3.1%. The shares fell as much as 3.3% in early Paris trading.Key InsightsPointing to a “particularly uncertain” environment, Pernod Ricard predicted growth rates will moderate from last year in India and China, where sales slowed dramatically from last year. “It’s what I expected and what we had shared with the markets a month ago,” Chief Executive Officer Alexandre Ricard said by phone, adding that the distiller remains “perfectly in line” with its road-map. The basis of comparison will be more favorable in the second half, Ricard said.The maker of brands including Jameson, Beefeater and Havana Club confirmed its outlook for earnings growth to slow this year to 5% to 7% from its fastest pace in seven years. Growth in the key U.S. market, where the company is contending with the threat of tariffs on its popular Jameson Irish whiskey and Glenlivet Scotch brands, reached 6%. Pernod Ricard has added local bourbons to its arsenal in recent years, including the $223 million acquisition of Castle Brands announced in August.Market ReactionPernod Ricard shares were 2.2% lower at 162.90 euros at 9:28 a.m. in Paris. The stock has gained 14% so far this year.While moderation in growth was expected, “it does seem that this is about more than just tough comps,” RBC analyst James Edwardes Jones wrote in a note. “Pernod Ricard has flagged a challenging on-trade environment in China.”Get MoreRead more details.See the statement.(Updates with CEO, analyst comments.)To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Frank Connelly, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Pernod Ricard mulls price hikes in U.S. post tariffs
    Reuters

    Pernod Ricard mulls price hikes in U.S. post tariffs

    The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a "significant" impact on Pernod Ricard in the United States. Chairman and CEO Alexandre Ricard told Reuters in a telephone interview that Pernod Ricard USA could have to raise prices to make up for the tariff hikes that will impact brands such as Glenlivet Scotch whisky and Campo Viejo Spanish wine. Ricard also told Reuters he had "no particular indication" that activist investor Elliott [ECA.UL] had exited Pernod's share capital.

  • Reuters

    UPDATE 2-Pernod Ricard considers U.S. price hike to offset trade tariffs

    France's Pernod Ricard said on Thursday it may raise prices on spirits like Glenlivet Scotch whisky to counter U.S. trade tariffs, at a time when it is also grappling with decelerating growth rates in key markets like China and India. The owner of Mumm champagne, Absolut vodka and Martell cognac posted a steeper-than-expected slowdown in first quarter revenue on weakness in emerging markets and duty-free travel retail, triggering a 3% fall in its share price.

  • Pernod Ricard says sales growth was  ‘moderate’
    MarketWatch

    Pernod Ricard says sales growth was ‘moderate’

    Sales by the maker of Beefeater gin and Jameson whiskey were helped by currency tailwinds, mainly from the dollar, the French company said.

  • Reuters

    UPDATE 1-Pernod Ricard Q1 sales growth slows as China and India decelerate

    French spirits maker Pernod Ricard , which is being targeted by activist investor Elliott, posted a 1.3% rise in first-quarter underlying sales, reflecting slower growth rates in China and India. In August Pernod, the world's second-biggest spirits group behind Diageo, indicated it expected a relatively soft first quarter, citing a very high year-ago comparison basis in Asia. The owner of Mumm champagne, Absolut vodka and Martell cognac said that despite an uncertain environment, it was keeping its forecast for a 5-7% organic rise in full-year profit from recurring operations after last year's 8.7% growth.

  • Pernod Ricard considers U.S. price hike to offset trade tariffs
    Reuters

    Pernod Ricard considers U.S. price hike to offset trade tariffs

    France's Pernod Ricard said on Thursday it may raise prices on spirits like Glenlivet Scotch whisky to counter U.S. trade tariffs, at a time when it is also grappling with decelerating growth rates in key markets like China and India. The owner of Mumm champagne, Absolut vodka and Martell cognac posted a steeper-than-expected slowdown in first quarter revenue on weakness in emerging markets and duty-free travel retail, triggering a 3% fall in its share price. The company, which flagged a "particularly uncertain environment", maintained its full-year profit forecast, however, even when taking into account the impact of U.S. trade tariffs.

  • Business Wire

    Pernod Ricard: Q1 FY20 Sales

    Q1: MODERATE GROWTH IN LINE WITH EXPECTATIONS, ON A VERY HIGH BASIS OF COMPARISON

  • Did You Miss Pernod Ricard's (EPA:RI) 99% Share Price Gain?
    Simply Wall St.

    Did You Miss Pernod Ricard's (EPA:RI) 99% Share Price Gain?

    Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

  • PR Newswire

    Pernod Ricard Completes Acquisition Of Castle Brands

    ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX) announced today the successful completion of the acquisition of Castle Brands by a subsidiary of Pernod Ricard S.A., through a cash tender offer followed by a short-form merger. As previously announced, Pernod Ricard, through one of its subsidiaries, offered to acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, net of applicable withholding taxes and without interest.

  • Business Wire

    Pernod Ricard Completes Acquisition of Castle Brands

    ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX) announced today the successful completion of the acquisition of Castle Brands by a subsidiary of Pernod Ricard S.A., through a cash tender offer followed by a short-form merger. As previously announced, Pernod Ricard, through one of its subsidiaries, offered to acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, net of applicable withholding taxes and without interest.

  • Wachtell Flags France’s Steps to Stop “Excesses” of Activists, Urges Similar Moves in U.S.
    CorpGov.com

    Wachtell Flags France’s Steps to Stop “Excesses” of Activists, Urges Similar Moves in U.S.

    From Pernod Ricard SA to Technicolor SA to XPO Logistics Europe SA, a growing number of France-listed companies have come under pressure from activists recently, prompting regulators there to consider steps to stymie their influence through legislation. And some of the measures may also make sense this side of the pond, according to Wachtell, Lipton, […]

  • Scotland says U.S. tariff move shows UK's Brexit pipe dream
    Reuters

    Scotland says U.S. tariff move shows UK's Brexit pipe dream

    The Scottish government said on Thursday that the imposition of U.S. tariffs on various goods including Scottish whisky indicated that the United Kingdom could not offset the damage from Brexit by striking a trade deal with U.S. President Donald Trump. "When Scotland’s food and drink businesses are facing the potential impact of a ‘no deal’ Brexit, the last thing they need is the further uncertainty of increased tariffs on exports to U.S.," a Scottish government spokesman said.

  • With A -7.7% Earnings Drop, Is Pernod Ricard SA's (EPA:RI) A Concern?
    Simply Wall St.

    With A -7.7% Earnings Drop, Is Pernod Ricard SA's (EPA:RI) A Concern?

    Measuring Pernod Ricard SA's (ENXTPA:RI) track record of past performance is a useful exercise for investors. It...

  • Thomson Reuters StreetEvents

    Edited Transcript of RI.PA earnings conference call or presentation 29-Aug-19 7:00am GMT

    Full Year 2019 Pernod Ricard SA Earnings Call

  • These 4 Measures Indicate That Pernod Ricard (EPA:RI) Is Using Debt Reasonably Well
    Simply Wall St.

    These 4 Measures Indicate That Pernod Ricard (EPA:RI) Is Using Debt Reasonably Well

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Benzinga

    Pernod-Ricard To Buy Bourbon Whiskey Maker Castle Brands For $223M

    Pernod Ricard announced Thursday it has signed an agreement to buy all outstanding shares of Castle Brands Inc (NYSE: ROX), the maker of Jefferson's bourbon whiskey, for $1.27 per share or $223 million in cash, plus the assumption of debt. Pernod Ricard has been under pressure from Elliott Management to narrow its profitability gap with bigger rival Diageo plc (NYSE: DEO) ever since the latter picked up a 2.5% stake in the beverage maker in December 2018.