Pernod Now has “More Leeway” for Acquisitions

Pernod Ricard reported a sales increase of 6% in the Americas for the nine months ended March 31, driven by growth in the US (up 3%). However, cfo Gilles Bogaert highlighted the deceleration in the US spirits category on this morning's earnings call."In the US, yes there is a slowing market. It has been the case for 12 months now," he said. But growth is still strong for high-end products thanks to premiumization.Pernod estimates the US market growth to be