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The opportunity to elevate the segment further is there, but strategies may differ.
Investors with an interest in Beverages - Alcohol stocks have likely encountered both Heineken NV (HEINY) and Pernod Ricard SA (PRNDY). But which of these two stocks presents investors with the better value opportunity right now?
Drinks giant Pernod Ricard has ceased exports of its international brands to Russia but says it will take “some months” to end distribution of its products in the country.
Pernod Ricard SA is a company that sells wines and spirits globally. Revenue has grown at a CAGR of 3%, while margins have improved (30% EBITDA-M, 20% NIM).
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.
Pernod Ricard: Pricing Power, Safety And Dividends Make It The Best Shelter During A Recession.
Pernod Ricard SA (PRNDY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.