PRNDY Stock Recent News

Pernod Ricard on Thursday reported worse than expected third quarter sales as its big U.S. and Chinese businesses remained under heavy pressure, leaving its full-year forecast resting on an uptick in demand over the next few months.

Pernod Ricard is an undervalued European company with the potential for over 20% annualized upside in the next few years. The company's share price has dropped significantly, presenting a buying opportunity. Pernod Ricard has a diverse portfolio of spirits and alcohols, with strong sales growth in every segment and geography.

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Pernod Ricard is the second-largest spirits and wines company globally, focusing on popular brands like Absolut Vodka and Kahlua. The company is expanding internationally and investing heavily in emerging markets like India and China. Pernod Ricard faces short-term headwinds and a decline in share price, but its financial performance and long-term growth potential give confidence.

Pernod Ricard SA (PDRDF) Q2 2024 Earnings Call Transcript

Pernod Ricard's shares rose more than 5% after the company confirmed its mid-term outlook and posted first-half sales in line with expectations.

Pernod Ricard is a luxury goods company with a high potential for investment and returns. The company has a strong portfolio of premium spirits brands and a solid financial performance. Despite some risks, such as cyclicality and regulatory intervention, Pernod Ricard is undervalued and offers significant upside potential.

Remy Cointreau RCO, -10.82% shares plunged 11% and Pernod Ricard stock RI, -4.89% fell 5%, after China launched an anti-dumping investigation into brandy imported from the European Union. That follows the EU probe into China's electric vehicle makers.

PARIS, Dec 21 (Reuters) - French spirits group Pernod Ricard (PERP.PA) on Thursday announced it would sell its Becherovka bitter brand and related assets, including a factory in the Czech town of Karlovy, to Poland's Maspex Group.

Pernod Ricard, the owner of drinks brands like Malibu and Jameson, lifted close to 5% in trading on Thursday after it revealed it was aiming for the upper end of sales guidance over the next two financial years. Sales may have slowed by 8% to around €3 billion in the spirit manufacturer's first quarter, but investors are clearly finding solace in management's expectations that revenues in 2024 and 2025 could grow by as much as 7%.