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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.
The deal for Codigo 1530 Tequila is set to boost the French distiller's exposure to premium spirits in the U.S.
Ann Mukherjee, CEO of Pernod Ricard North America, revealed in a LinkedIn post on Sept. 6, 2022, that her company is asking workers to "spend at least 40% of their time" in the office.