Dear Client: Pernod Ricard today reported a global net sales decline of nearly 4% on an organic basis for fiscal 2026 (ended June), mostly weighed down by soft trends and weak demand in the US and China. "Overall, our fiscal year 2026 was characterized by a contrasted environment with indeed continued softness in the US, amplified by some inventory adjustments and weak demand in China, all of it being mitigated by improving trends and growth across the rest of the
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