Pernod Ricard's Q3 fails to end on a high on late Easter, Indian interruption and Trump turmoil

Pernod Ricard reported a 3% sales decline in the third quarter, falling short of expectations due to tariff uncertainties and specific challenges in India and China. The spirits sector faces headwinds from trade tensions, impacting cognac sales and travel retail. Despite these challenges, Pernod Ricard maintains its full-year guidance, even after recent outlook revisions.