PRNDY Stock Recent News

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%.

Coca-Cola (KO) takes another leap to expand its presence in the RTD market through its collaboration with Pernod to launch the Absolut Vodka & Sprite RTD cocktail.

The beverage giant is betting on the non-alcoholic category, investing in a chain of zero-proof bottle shops.

Pernod Ricard SA. (OTCPK:PDRDF) Q4 2023 Earnings Conference Call August 31, 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 Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Celine Pannuti - JPMorgan Trevor Stirling - Bernstein Operator Alex and Helene, we'll go through the presentation which is available on our websites after which we're going to run a short Q&A session.

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.