Pernod Reports Slow Start to Fiscal Year in US

Pernod Ricard kicked off its fiscal year with global organic sales up 10.4% to about $2.7 billion. But growth was more modest in the Americas, up 2% thanks to a slower quarter in the US.In the US, sales were up 2% for the first quarter ended September 30, negatively impacted by shipment phasing and tough comps. More specifically, Helene de Tissot, managing director-finance, IT and operations, said California has a big impact on the company's short-term performance, and "we are