Pernod Singing Different Tune at end of F16

This time last year, Pernod Ricard USA delivered a flat performance for fiscal 2015, largely weighted down by a struggling Absolut. But this year the company is singing a different tune with 4% organic sales growth, and depletion (sales to retailers) growth up by 2% for the fiscal year ended June. Moreover, PR USA says its annual value growth was up 5.3% in Nielsen channels. "This is a reduction in the gap we have with the overall market--to less than