Pernod Ricard SA
RI: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€524.00 | Wjdj | Ygxpnvbjj |
Pernod Reports Strong Finish to Fiscal Year 2021 but Cost Inflation Begins to Bite
Pernod Ricard continued its momentum from the third quarter into the fourth quarter of fiscal 2021, with revenue topping our estimates by about 5%, offset by a slightly lower gross margin than we had expected due to rising raw material costs. Reported EBIT of EUR 2.4 billion was in line with our estimate, and we are reiterating our EUR 145 fair value estimate.