Pernod Ricard stock trades near its 52-week low after FY26 results

Pernod Ricard stock stood at EUR 59.58 on Euronext on September 24, 2026, 1.67 percent above its 52-week low of EUR 58.60. The price was down 0.03 percent from the prior close, leaving the market focused on the contrast between weaker sales and resilient cash generation.

FY26 sales fell 14.2 percent

Pernod Ricard reported FY26 net sales of EUR 9.404 billion on August 27, 2026, down 14.2 percent on a reported basis and 3.9 percent organically. Profit from recurring operations fell 17.9 percent on a reported basis to EUR 2.423 billion, while the organic decline was 5.2 percent.

The regional split explains the pressure. Sales declined 14 percent in the United States and 19 percent in China, while India grew 7 percent. Excluding the United States and China, organic sales increased 0.5 percent, showing why geographic mix is central to the recovery case.

Cash flow offsets weaker earnings

Free cash flow rose 6 percent to EUR 1.197 billion in FY26, and cash conversion reached 91 percent. Earnings per share fell 19 percent to EUR 5.85, while the operating margin declined 35 basis points organically to 25.8 percent.

The numbers create a sharper investor debate than the headline sales decline alone. Pernod Ricard protected liquidity and maintained its proposed FY26 dividend at EUR 4.70 per share, but the earnings decline and net debt of EUR 10.662 billion leave less room for execution mistakes.

FY27 guidance points to stability

For FY27, the company expects broadly stable organic net sales, with further declines in the United States and China affected by inventory adjustments. The rest of the business is expected to retain positive momentum, particularly India, while the company plans to accelerate its EUR 1 billion operational efficiency program through FY28.

Stock stays near its yearly low

Pernod Ricard stock was EUR 59.58 on Euronext on September 24, 2026. The price is EUR 0.98 above the 52-week low of EUR 58.60 and EUR 30.76 below the 52-week high of EUR 90.34, a market position that places execution of the FY27 stabilization plan at the center of the valuation discussion.