|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||192.25 - 198.42|
|52-week range||182.21 - 246.48|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||27.56|
|Forward dividend & yield||3.66 (1.93%)|
|Ex-dividend date||06 Jul 2022|
|1y target est||N/A|
PARIS (Reuters) -French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on Thursday but said COVID-19 measures in China, war in Ukraine, and a normalisation of its U.S. business could mean a softer fourth quarter. Despite the challenges, the maker of Martell cognac and Absolut vodka, forecast organic growth of 17% in profit from recurring operations for its financial year ending June 30, in line with the market consensus for 16.9% growth. Resilient consumption by people staying at home, the reopening of bars and restaurants and a recovery in travel would fuel strong full-year sales growth across regions, with some operating margin expansion, it added.
Cocktail-making is stirring up "a real resurgence," according to Pernod Ricard (RI.PA) North America CEO Ann Mukherjee.
Constellation Brands CEO & President Bill Newlands joins Yahoo Finance Live to discuss company earnings and growth expectations, trends, price increases amid inflation, and M&A strategy.