PDRDF Stock Recent News

Drinks giant Pernod Ricard has made a U-turn on resuming exports of iconic brands Jameson whiskey and Beefeater gin to Russia after facing an international backlash and calls for a boycott of the products.

Pernod Ricard SA FR:RI said Thursday that it expects strong sales in the fourth quarter of fiscal 2023 after a decline in the third, and forecast organic growth in full-year profit from recurring operations.

As flavored whiskey continues to be in high demand, Pernod Ricard bets on Skrewball Peanut Butter Whiskey.

Pernod Ricard SA will begin a share buyback worth up to 300 million euros ($320.9 million) Monday, part of a EUR750 million program for the fiscal year.

Pernod Ricard SA (OTCPK:PDRDF) Q2 2023 Earnings Conference Call February 16, 2023 3:00 AM ET Company Participants Florence Tresarrieu - Investor Relations Alexandre Ricard - Chairman and Chief Executive Officer Helene de Tissot - Executive Vice President, Finance Conference Call Participants Simon Hales - Citi Edward Mundy - Jefferies Laurence Whyatt - Barclays Pinar Ergun - Morgan Stanley Olivier Nicolai - Goldman Sachs Celine Pannuti - JPMorgan Sanjeet Aujla - Credit Suisse Andrea Pistacchi - Bank of America Florence Tresarrieu Good morning, everyone and welcome in Paris for our FY ‘23 Half Year Results and Sales Presentations. So we are going to start with a presentation from Alexandre and Helene, followed by a Q&A session.

By Joshua Kirby

Pernod Ricard is a top global spirits company targeting a 6-9% operating profit CAGR. Its share price is down 3% vs. a year ago. The company is reporting H1 FY23 results next Thursday (February 16). We expect these to be strong, based on other reports so far.

Late last week, Pernod Ricard acquired a majority stake in French RTD brand Cockorico. This follows the announcement of a new $22M American canning facility

The news flow from Pernod has been positive in recent months, closing accretive acquisitions and kicking off the fiscal year with a solid set of results. The balance sheet capacity should support more buybacks or M&A, though the net debt levels also need to be managed given the hawkish rate environment.

Pernod Ricard SA (OTCPK:PDRDF) Q1 2023 EMEA/LATAM Earnings Conference Call November 22, 2022 9:00 AM ET Company Participants Gilles Bogaert - Chairman and CEO, Pernod Ricard EMEA/LATAM Conference Call Participants Olivier Nicolai - Goldman Sachs Edward Mundy - Jefferies Andrea Pistacchi - Bank of America Jeremy Fialko - HSBC Operator Good day, and thank you for standing by. Welcome to the EMEA LATAM conference call.