Pernod Still Feeling Inventory Impact in FY ’24, Likely to Persist into ’25

Dear Client:   Pernod Ricard ended the fiscal year 2024 with organic global net sales down 1%, and recorded "sequential volume recovery throughout H2 in most markets," per earnings materials.  Net sales continue to be impacted by the US and China markets, but were offset by the "benefit of our global breadth," noted Pernod Ricard ceo Alexandre Ricard on today's early morning earnings call. "The broadly stable organic topline results are to be seen in the context of market normalization