Share prices in some of the biggest alcohol producers in the world, including Diageo and Pernod Ricard, have significantly underperformed in the market as consumer preferences shift, a new analysis has found. Diageo produces Guinness, Smithwick’s and Harp, while Pernod Ricard produces Jameson, Powers, and Redbreast whiskeys. The eight companies included Diageo, AB Inbev, Heineken, Pernod Ricard, Ambev, Constellation Brands, Carlsberg, and Asahi. Pernod Ricard and, to a lesser extent, Diageo and Heineken have also been hurt by stop-start Chinese demand and weak consumer confidence. Investors are clearly paying attention.”He pointed out Diageo, Pernod Ricard, and Heineken — which also produces Beamish and Murphy’s — were among the weakest performers among the eight companies analysed.

Source: Irish Examiner January 14, 2026 17:34 UTC