Pernod Sees “Gradual Recovery” in US; Absolut Benefits from Price Adjustment

Dear Client: Pernod Ricard said they saw a "very gradual recovery" of consumer spending in the US in the fiscal year ended June 30. Sales were "stable" with a "marked improvement" in the second half of the year. Recall that Diageo also reported improvements in the second half. Gilles Bogaert, managing director, finance, said the company increased its investment in the Americas by 7% above the group average. That mostly went to the US, Mexico and Brazil. In the US