Pernod Ricard Cuts Sales Outlook Amidst Weak China Performance
French drinks giant Pernod Ricard reported a 4% fall in organic net sales to €6,176 million for the first half of fiscal year 2025, primarily due to weak Chinese sales and unfavorable exchange rates; the company now expects low single-digit sales decline for the full year.
Pernod Ricard Cuts Sales Outlook Amidst Weak China Performance
French drinks giant Pernod Ricard reported a 4% fall in organic net sales to €6,176 million for the first half of fiscal year 2025, primarily due to weak Chinese sales and unfavorable exchange rates; the company now expects low single-digit sales decline for the full year.
Progress
40% Bias Score
Emperador Acquires Mexican Mezcal Maker to Offset Slowing Spirits Sales
Emperador, Andrew Tan's liquor company, purchased a 60% stake in Mexico's Destileria Los Danzantes for $3.8 million, adding Mezcal brands Los Danzantes and Alipus to its portfolio to offset slowing brandy and whisky sales, impacting its nine-month 2024 profit by 29%.
Emperador Acquires Mexican Mezcal Maker to Offset Slowing Spirits Sales
Emperador, Andrew Tan's liquor company, purchased a 60% stake in Mexico's Destileria Los Danzantes for $3.8 million, adding Mezcal brands Los Danzantes and Alipus to its portfolio to offset slowing brandy and whisky sales, impacting its nine-month 2024 profit by 29%.
Progress
40% Bias Score
American Whiskey in 2024: Consumer Passion Drives Innovation Amidst Market Challenges
In 2024, despite economic headwinds, American whiskey consumers maintained high knowledge and passion, driving innovation and a focus on brand storytelling; craft distillers face distribution challenges, emphasizing unique products and buzz; cask finishing and brand transparency are significant tren...
American Whiskey in 2024: Consumer Passion Drives Innovation Amidst Market Challenges
In 2024, despite economic headwinds, American whiskey consumers maintained high knowledge and passion, driving innovation and a focus on brand storytelling; craft distillers face distribution challenges, emphasizing unique products and buzz; cask finishing and brand transparency are significant tren...
Progress
36% Bias Score
Diageo Withdraws Sales Guidance Amid US Tariff Uncertainty
Diageo plc's interim results for the half-year ending December 31, 2024, show a 0.6% decline in reported net sales to \$10.9 billion due to currency fluctuations, though organic sales grew by 1%. The company withdrew its medium-term sales guidance due to potential US tariffs on Canadian and Mexican ...
Diageo Withdraws Sales Guidance Amid US Tariff Uncertainty
Diageo plc's interim results for the half-year ending December 31, 2024, show a 0.6% decline in reported net sales to \$10.9 billion due to currency fluctuations, though organic sales grew by 1%. The company withdrew its medium-term sales guidance due to potential US tariffs on Canadian and Mexican ...
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40% Bias Score
Turkey's 2024 Food and Beverage Scene: Boom and Bottlenecks
In 2024, Turkey experienced a boom in often-superficial gastronomy events, alongside significant Turkish investments in European wine and spirits production, highlighting both the industry's global potential and its challenges under restrictive domestic laws.
Turkey's 2024 Food and Beverage Scene: Boom and Bottlenecks
In 2024, Turkey experienced a boom in often-superficial gastronomy events, alongside significant Turkish investments in European wine and spirits production, highlighting both the industry's global potential and its challenges under restrictive domestic laws.
Progress
52% Bias Score