Pernod Ricard's Stock Rebounds by 2%, Boosted by Rémy Cointreau's Results
The stock of the French spirits giant is regaining momentum, benefiting from the rebound of Rémy Cointreau following the publication of its annual results. However, today's rise does not erase the underlying weakness, amid still-pressured cognac exports. Short sellers also remain present in the capital.
Today's Rebound in a Supportive CAC 40, But Underlying Trend Still Weak
Pernod Ricard is up 2.33% at €62.34, in a CAC 40 that is up 1.01% during the session. The stock benefits from the rebound in the Parisian luxury sector, with LVMH (+2.92%) and EssilorLuxottica (+3.18%) well oriented. However, the stock is not among the strongest gains in the index, dominated by Capgemini and Dassault Systèmes.
The rebound today does not change the overall picture: the stock is down 16.79% over three months and 30.63% over a year. The sector context remains heavy, with French cognac exports down 10.9% in value according to the 2024 report published by FEVS, and a global spirits sector down by 6.5%. The rebound follows a decline of 5.37% recorded over the past week, already documented during the previous rebound at the end of May.
The Stock Remains Below Its Three Moving Averages, with Short Sellers Present at 3.29% of the Capital
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Despite today's rise, Pernod Ricard is trading below its MM20 (€63.01, gap -1.06%), its MM50 (€64.04, -2.65%) and especially its MM200 (€77.24, -19.29%), indicating a still bearish medium-term trend. The RSI at 39 remains neutral and does not send a strong reversal signal. The support at €60.70, which held during the last downward movement, remains the lower boundary to watch, with resistance identified at €66.06. Regarding positioning, according to reviewed statements, four funds accumulate 3.29% of the capital sold short, up by 0.25 point over thirty days (3.04% a month ago). The level is high and reflects a persistent skepticism from institutional investors positioned against the stock, without being able to deduce a specific intention.
SectorConsommation discrétionnaire›Vins et spiritueux
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Context
Period
Period: T1 2027
Key reported figures
Revenue: 2 234 millions d'euros
Quarterly revenue: 2 234 millions d'euros
Revenue growth: -6,3 %
Guidance from the release
contrasted and uncertain environment
Risks mentioned
US market impacted by inventory adjustments and -10% sales decline
China sales contracted -25% due to challenging macroeconomic environment
Global environment remains volatile with ongoing conflicts in Europe and Middle East
Opportunities identified
Underlying depletions in China returned to growth ahead of Mid-Autumn Festival
Strong growth in Asia-Rest of World region with India at +19%
Operational Efficiency initiatives with €1bn savings planned from FY26 to FY28
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
