Jameson continues to drive Pernod Ricard growth

Jameson continues to drive Pernod Ricard growth
Sales of the whiskey grew 12% in the first half of the year.

By Geoff Percival

International drinks giant, Pernod Ricard’s group sales grew by 9% in the three months to the end of March, largely driven by the strong performance of its Jameson Irish Whiskey brand.

Total sales for the period — the third quarter of the French drinks group’s financial year — amounted to just shy of €2bn; bringing sales for the first nine months to €7.06bn. That latter figure represents year-on-year growth of 6.3%.

Pernod Ricard said its chief international brands — including Jameson, Chivas whisky, and Martell cognac — grew by 7% in the latest quarter and drove overall group growth. Geographically, growth was evident in Asia and the Americas.

Sales in emerging markets grew by 13%, year-on-year, but European sales were marginally down.

Despite previously warning of the potential for a slow final quarter, Pernod Ricard said it now expects full-year growth targets to come in at the top end of guidance and organic profit growth to be around 6%.

In February, Pernod Ricard noted that Jameson sales grew 12% in its first half. However, the French group — via its Irish Distillers subsidiary — warned that the Irish market is becoming challenging and that proposed new legislation, surrounding the selling of alcohol, threatens jobs, exports, and the global success of Irish whiskey.

That said, Jameson and sister brand, Power’s, boosted their Irish sales by 5% and 11%, respectively, in the six months to the end of December.

More in this Section

Wetherspoons boss Tim Martin hits out at corporate governance rulesWetherspoons boss Tim Martin hits out at corporate governance rules

DCC shares fall 6% on profit declineDCC shares fall 6% on profit decline

Regulator: Banks still failing customersRegulator: Banks still failing customers

Sterling inches lower as Tory vote boost fadesSterling inches lower as Tory vote boost fades


The Cosmetify Index reveals the cosmetics companies that are generating the most buzz online – and Dubai-based Huda Kattan has the top spot.Huda Beauty tops the 10 ‘most popular’ beauty brands this year

Read the script of Kya deLongchamps’ kitchen-sink drama to set the scene to make an informed choice when selecting this home essentialTake the plunge: Read this checklist before you splash out on your new kitchen sink

SOMETIMES, the journey is more important than the destination. And sometimes, we just want to sit at home eating a bag of jelly beans, while thinking about more jelly beans. Life is only as significant or special as we make it.GameTech: Death Stranding is a divisive, beautiful journey packaged in a cool world

Former Oasis drummer Tony McCarroll tells Richard Purden about the mad times when five Manc-Irish lads became one of the biggest rock bands in the worldNot looking back in anger: Former Oasis drummer looks back at the mad times of one of the biggest rock bands in the world

More From The Irish Examiner