Pernod Ricard, a global leader in the spirits and wine industry, has reported robust performance in its third-quarter sales figures, indicating improving momentum across various markets. Despite challenges in certain regions like China and the US, Pernod’s premium international spirits portfolio and broad geographic footprint have largely mitigated the impact.
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Italian liqueur group Campari has revealed its third quarter like-for-like sales rose 4.4%, below analyst expectations, due to a very tough comparison base (Q3 2022: +18.6%) and unfavourable weather conditions in Europe.
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Rabobank’s Q3 Wine Report has revealed that global wine inventories are in the main “balanced to slightly tight”, while bulk wine prices for most varietals are “stable or rising”, with 2017 hail and frost damage in European vineyards likely to further impact on these continuing trends when set against a coming shortfall in this year’s northern vintage.
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