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International Flavors' (IFF) Fine Fragrance returns to growth on new customer wins, while Food Service categories see declines due to the pandemic during the October-December quarter.
Pernod Ricard said on Thursday it expects organic sales to return to growth in the full year, after strong performances in its key U.S. and Chinese markets helped the French spirits group beat first-half profit and sales forecasts. Double-digit sales growth in China and a 5% sales rise in the United States propped up results for Pernod, the world's second-biggest spirits group after Diageo. In the United States, Pernod Ricard's top market, stuck-at-home consumers splurged on its Jameson Irish whiskey and Martell cognac while a cocktail craze also lifted demand for Malibu rum and premium Avion tequila.