(RTTNews) - Pernod Ricard (PRN.L, PER.DE, PDRDF.PK, RI.PA) reported that its first half net profit declined 17% to 1.0 billion euros. Group share of net profit from recurring operations was 1.02 billion euros, a decline of 20.1%. Net earnings per share from recurring operations was 4.04 euros, down 20.1%.
First half net sales declined 15% year-over-year to 5.25 billion euros. Organic sales decline was 5.9%, for the period.
For fiscal 2026, the company continues to expect a transition year with improving trends in organic net sales, skewed toward second half. For the medium term, the company projects organic net sales growth, aiming for the range of 3% to 6% p.a. on average, with annual organic operating margin expansion.
At last close, Pernod Ricard shares were trading at 81.7 euros, down 3.61%.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
