Pernod Ricard Q1 Revenue Falls 6%, China Sales Drop 25%

Pernod Ricard reported a 6% decline in Q1 revenue to €2.23 billion, with organic decline of 0.9%. US sales fell 10% and China sales dropped 25% due to stock adjustments and a difficult macroeconomic environment, though the company notes improving dynamics. This signals continued softness in global spirits demand, particularly in key markets.