{"id":71219,"date":"2021-10-21T13:15:09","date_gmt":"2021-10-21T11:15:09","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=71219"},"modified":"2021-10-21T14:42:30","modified_gmt":"2021-10-21T12:42:30","slug":"strong-demand-in-china-and-the-us-boosts-pernod-ricards-sales-forecast","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/strong-demand-in-china-and-the-us-boosts-pernod-ricards-sales-forecast\/","title":{"rendered":"Strong demand in China and the US boosts Pernod Ricard’s sales forecast"},"content":{"rendered":"

French spirits maker Pernod Ricard said growth in its first quarter of 2021, which opened in July, was 20% higher than expected, driven by increased demand in China, the United States and India.<\/h4>\n

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Pernod Ricard<\/strong>, the world’s second-largest spirits group behind Diageo<\/strong>, said that consumption<\/strong> by people staying at home remained resilient, while the reopening<\/strong> of bars and restaurants was a significant part<\/strong> of the group’s growth.<\/p>\n

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“We are in a qualitative direction. We are confident, but first we have to get through Christmas and the Chinese New Year to gain visibility<\/em>,” said chairman and chief executive Alexander Ricard<\/strong>. Analysts expect<\/strong> sales growth of 9.7% for the full year. Pernod expects “good sales growth to continue throughout the year<\/em>“.<\/p>\n

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However, despite the strong sales growth, Pernod’s shares<\/strong> lost 0.8% to 197.30 euros.<\/p>\n

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For the first quarter ended 30 September, Pernod Ricard<\/strong> achieved sales of \u20ac2.178 billion, up 20% on the previous year. The market was expecting a 15.7% increase in sales.<\/p>\n

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The strong start to the year saw sales rise by 9% in the US<\/strong>, the group’s largest market, with good restocking<\/strong> ahead of the festive season and a rebound<\/strong> in demand as bakeries and restaurants reopened<\/strong> following the easing of anti-COVID restrictions.<\/p>\n

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In China<\/strong>, sales jumped by 22%, driven by strong demand during the Mid-Autumn Festival<\/strong> and the rise in prices for Martell cognac. The country contributes around 9% of Pernod Ricard’s<\/strong> sales and is its second largest market.<\/p>\n

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Worldwide retail<\/strong> sales rose by 55% over the year, returning to growth in all regions.<\/p>\n

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Read also >\u00a0US LUXURY SPIRITS SALES UP IN FIRST HALF OF 2021<\/a><\/p>\n

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Featured photo : \u00a9 Wikimedia Commons<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

French spirits maker Pernod Ricard said growth in its first quarter of 2021, which opened in July, was 20% higher than expected, driven by increased demand in China, the United States and India.<\/p>\n","protected":false},"author":1,"featured_media":71223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"French spirits maker Pernod Ricard said growth in the first quarter of 2021 was 20% higher than expected, driven by increased demand in China, the US and India.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Pernod,Pernod Ricard,China,USA,China spirits market,US spirits market,First quarter,alcohol","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-71219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/71219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=71219"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/71219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/71223"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=71219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=71219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=71219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}