Coronavirus Likely To Impact Alcoholic Drinks Firms' Profits: Moody's
Rémy Cointreau, Pernod Ricard and Diageo are among the companies that could see a profit hit in the coming months from the Coronavirus outbreak, which is crimping retail and duty-free sales, and creating supply disruptions across China, Moody's has said.
In a report, Coronavirus outbreak will curb Chinese consumption and hit quarterly earnings, Moody's Investor Service said that Rémy Cointreau and Pernod Ricard may suffer more than rivals because of their high exposure to the Chinese market, as the graph below shows.
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