Pernod Ricard CEO: expect 'very disrupted' second quarter amid COVID pandemic woes

PARIS (Reuters) - French spirits maker Pernod Ricard expects its second quarter to be 'very disrupted' due to restrictions tied to a resurgence of COVID-19 infections, notably in Europe, its chief executive told Reuters on Thursday. CEO Alexandre Ricard also said global travel sales would not recover during the current fiscal year ending June 30, and were likely to show a double-digit decline.

Reuters October 23, 2020 00:06:34 IST

Pernod Ricard CEO expect very disrupted second quarter amid COVID pandemic woes

PARIS (Reuters) - French spirits maker Pernod Ricard expects its second quarter to be "very disrupted" due to restrictions tied to a resurgence of COVID-19 infections, notably in Europe, its chief executive told Reuters on Thursday.

CEO Alexandre Ricard also said global travel sales would not recover during the current fiscal year ending June 30, and were likely to show a double-digit decline.

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Travel retail sales, which make 6% of group sales, fell 64% in the first quarter of fiscal year 2020/21.

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: October 23, 2020 00:06:34 IST

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