Warren Buffett Dislikes Bitcoin—But Berkshire Hathaway Finds Itself Linked To BTC ETFs Through One Of Its Biggest Holdings
Pernod Ricard's third-quarter sales fell short of expectations, with tariff uncertainties impacting the Spirit Industry.
French beverage giant Pernod Ricard announced on Thursday that its sales for the third fiscal quarter fell by 3%, below expectations, due to the uncertainty of tariffs impacting the already struggling Spirit Industry. Analysts had previously expected that the company's organic net sales would decline by 2% in the three months ending March 31. Pernod Ricard's sales were boosted by orders placed by US wholesalers ahead of anticipated tariffs. However, this was offset by Other issues, including production disruptions in India, the impact of tariffs on China Cognac sales, and a decline in sales in its travel retail sector due to the suspension of duty-free sales of Cognac in China.
Market Chatter: Peabody Energy Halts Plans to Seek $500 Million Private Debt
Market Chatter: Jefferies Financial to Raise $600 Million for Gulf Coast Ammonia
Jefferies Financial | 10-Q: Q1 2025 Earnings Report
Shares of Banks and Financial Services Companies Are Trading Higher Amid an Overall Market Surge Following President Trump's Decision to Implement a 90-day Pause on Reciprocal Tariffs for All Countries Except China.
Expand
