Pernod Ricard cuts annual profit growth forecast due to China virus
Share:
PARIS (Reuters) - French spirits group Pernod Ricard cut its full-year profit growth outlook for 2019-2020 on Thursday, saying the coronavirus epidemic in China was likely to have a severe impact on its third-quarter performance. The company, which makes 10% of its sales in China, said it could not currently predict the duration and impact of the crisis, but added it nevertheless remained confident on its overall corporate strategy.Pernod, the world's second-biggest spirits group behind Diageo..