Pernod Ricard 9-Month U.S. Sales Jump 5%

Jameson, Martell and Altos all posted double-digit growth in the U.S., the company said.  Absolut is in decline, although Absolut Lime had a strong launch.  For the Americas overall, sales were up 7%.

For the third quarter, sales in the Americas were up 8%, with Latin America improving and U.S. sales growing despite difficult comparisons.

Globally, 9 month sales advanced 4%, with Asia-Rest of World Up 1% and Europe up 4%.

Eleven of the company’s 13 international brands showed growth, and innovation accounted for about 25% of topline growth, the company said.

“In an uncertain environment, our strategy is consistent and driving results, in particular in terms of diversifying the sources of growth.  We confirm our FY17 guidance of organic growth in Profit from Recurring Operations of between +2% and +4%,” said Alexandre Ricard, chairman/ceo.

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