U.S. News

Pernod Ricard Says Fourth-Quarter Sales Up 3%

Pernod Ricard said Thursday its fourth-quarter sales increased 3.2% to 1.54 billion euros ($2.12 billion) on "vigorous" growth of its 15 strategic brands, which include Stolichnaya vodka, Martell brandy, Glenlivet whisky and Perrier Jouet champagne.

The French wine and spirits company said performance in the quarter pushed up fiscal full-year sales to 6.44 billion euros, a 6.2% increase, in line with analysts' expectations.

The world's second-largest spirits group said sales of its 15 brands over the year through June 30 rose 9% in volume and 13% in value.

In Asia, sales grew 9.4% to 1.88 billion euros thanks to the popularity of Martell and Ballantine whisky.

Sales in the Americas grew 5.4% to 1.78 billion euros, and in Europe, sales were up 4.5% at 2.09 billion euros.

"The great success of our premium brands and our rapid growth in emerging countries were the two principal drivers of this performance and should ensure continued vigorous growth for the year in progress," Chief Executive Patrick Ricard said in a statement.