Previous Close | 24.80 |
Open | 25.00 |
Bid | 24.80 x N/A |
Ask | 25.60 x N/A |
Day's Range | 25.00 - 25.00 |
52 Week Range | 23.80 - 34.40 |
Volume | |
Avg. Volume | 6 |
Market Cap | 32.08B |
Beta (5Y Monthly) | 0.50 |
PE Ratio (TTM) | 21.37 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.93 (3.74%) |
Ex-Dividend Date | Nov 22, 2024 |
1y Target Est | N/A |
The Malibu owner said the move would allow it to focus on its "premium international spirits and Champagne brands that drive the growth of its business".
The French distiller experienced a slow start to its fiscal year, citing sharp sales declines in the key markets of China and the U.S. as the spirits industry faces a slowdown in consumption.
PARIS (Reuters) -French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused partly by weakness in China. Pernod, which owns Martell cognac, Mumm champagne and Absolut vodka, reported sales of 2.783 billion euros ($3.02 billion) from July to September, a like-for-like decline of 5.9% and worse than an analyst consensus for a decline of 4.8%. The drop came amid weak consumer demand in China and persistent challenges in the United States.