Pernod Ricard Reports Record Scotch Sales, Including The Glenlivet

Pernod Ricard stock slid nearly 10 percent yesterday on reports of a lackluster showing for liquor consumption during the Olympics. The sell off came despite brisk Scotch whisky sales, The Herald reports. Key takeaways include:

* The Glenlivet, whose Speyside distillery is earmarked for expansion, had a record year, selling 600,000 nine-litre cases, 10% up on last year, with revenues increasing 14%, as sales rose in its core US market.

* The firm sold a record 4.5 million cases of Chivas Regal whisky as sales soared 10% in volume terms and netted the company an extra 11% in revenue.

* Ballantine’s also had a strong year, rising 9% in volume terms and 11% in revenue.

~ by whisky1 on September 19, 2008.

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