Pernod Ricard full-year profit falls as coronavirus hit sales

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French spirits maker Pernod Ricard said it has written off 1 billion euros (889.32 million pounds) in the full financial year 2019/20, as the shutdown of bars and restaurants in most of its markets due to the pandemic hit the company's sales and profit.

FILE PHOTO: Bottles of Ricard's aniseed-flavoured beverage are pictured at the Ricard manufacturing unit in Lormont, near Bordeaux, France February 15, 2019. REUTERS/Regis Duvignau/File Photo

For the year ahead, the owner of Mumm champagne, Absolut vodka and Martell cognac, predicted a prolonged downturn in travel retail but sees resilience in sales to supermarkets in the United States and Europe and a sequential improvement in China and India.

 

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All the beer drinkers in the world,please go out tomorrow and buy six-pack of Pernod Ricard beer. I am. Hope it helps.

Um, I think everyone's profits fell this year due to sales. Not sure if you heard, there's a global pandemic.

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