Pernod Ricard Predicts Q1 Sales Drop Amid China and U.S. Weakness

Global spirits giant Pernod Ricard has issued a cautious outlook for its first-quarter results, warning investors of a potential sales decline driven by weakness in two of its largest markets, China and the United States. The French beverage maker, which owns world-famous brands such as Absolut vodka, Jameson whiskey, Chivas Regal, and Martell cognac, is preparing for slower consumer demand after years of strong growth post-pandemic.