Jameson-owner Pernod Ricard banks on improved sales as demand weakens across key markets

Falling demand in the US and China has left full-year forecasts depending on a rebound in demand over the coming months

Jameson Distillery, Midleton. Picture: Andy Gibson

Jameson-owner Pernod Ricard has posted worse-than-expected sales following heavy pressure on the drinks giant's US and Chinese businesses, with the group's full-year forecast anticipating a rebound in demand over the coming months.

Consumers have been cutting back on expensive spirits in the world's top two economies with Pernod, which also makes Martell cognac and Absolut vodka, hoping trends would improve following a cut to its full-year forecast in February.