By Pietro Lombardi 
 

Pernod Ricard SA has raised the guidance for its fiscal year on the back of a stronger-than-expected recovery.

The French drinks group said Wednesday it now anticipates an organic growth in profit from recurring operations for fiscal 2021 of around 16%, up from previous guidance of 10%.

In organic terms, that is roughly in line with the performance posted in fiscal 2019 despite sales still being affected by some restrictions, the company said.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

June 23, 2021 01:58 ET (05:58 GMT)

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