Pernod eyes further inventory adjustments in U.S., China through FY, CFO says

By Reuters News

Oct 15 (Reuters) - Pernod Ricard PERP.PA CFO Mauve Croizat tells analysts during a call:

  • SOME FURTHER INVENTORY ADJUSTMENTS EXPECTED IN U.S. FOR FULL YEAR

  • THE PACE OF DECLINE IN U.S. SELL-OUT IS DECREASING, BUT NOT COUNTING ON MATERIAL BOUNCE BACK IN SENTIMENT THERE

  • OUR GUIDANCE ALSO ANTICIPATES INVENTORY ADJUSTMENTS THROUGH FY IN CHINA

  • CONSUMER SENTIMENT REMAINS LOW IN U.S, AFFORDABILITY REMAINS AN ISSUE FOR CONSUMERS

Source text: [ID:]

Further company coverage: PERP.PA

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