Pernod Ricard USA’s Q3 Boosted by Inventory Stocking Ahead of Tariffs

Dear Client: Pernod Ricard ended the first nine months of its fiscal 2025 with global organic net sales down 4% and global volumes up 1%. The resulting global price/mix was down 5%, driven by a "strongly negative market mix," noted the company in its earnings release.  For just the third quarter, global organic net sales were down 3%.  "As explained in our H1 results, we are actively managing what is within our control as we adapt to these challenging circumstances.