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Sales growth was dragged by sharp organic declines of 14% and 19%, respectively, in the group's key U.S. and Chinese markets.

French spirits group Pernod Ricard reported a worse-than-expected 3.9% organic sales decline of its ​fiscal year 2026 on Thursday, reflecting persistent ‌soft consumer demand in the U.S. and China and disruption to tourism from the conflict in the Middle-East ​in the fourth quarter.

PARIS--(BUSINESS WIRE)--Regulatory News: Pernod Ricard (Paris:RI): Press Release – Paris, 27th August 2026 Disciplined execution defending margin, delivering efficiencies and strengthening cash generation FY26 Organic Net Sales -3.9%, excluding the US and China +0.5%. FY26 was characterized by a contrasted environment, with continued softness in the US amplified by inventory adjustments and with weak demand in China, mitigated by improving trends and growth across ROW, though impacted by Middle.