Pernod Ricard forecasts strong sales in fourth quarter of fiscal 2023

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Pernod Ricard SA FR:RI said Thursday that it expects strong sales in the fourth quarter of fiscal 2023 after a decline in the third, and forecast organic growth in full-year profit from recurring operations.

The French drinks group said it expects organic growth of more than 10% in profit from recurring operations, aided by some expansion in its organic operating margin, for the year to June.

The…

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