Diageo has fallen below analysts’ revenue estimates in every region this quarter, as overall sales dropped unexpectedly.
Diageo’s overall revenue fell flat in the first half, with the continued slowdown in China, Russia and North America hampering its efforts to return to growth.
Diageo CEO Ivan Menezes has told investors to expect an improved performance this year, despite the company reporting a 1.5% decline in organic net sales for its first quarter.
A glitch or a sea-change? That is the question about Diageo’s underwhelming full-year results for the year to 30 June.
Five years after entering initial takeover discussions, Diageo has finally achieved ownership of United Spirits (USL), India’s dominant spirits company.
The chief executive of Diageo has announced a series of leadership changes to build on its success in emerging markets and continue an ambition to dominate the global drinks industry.
There is a dichotomy between the global economy moving out of recession and companies experiencing slowing profits growth.
Diageo has reported a slow down in sales caused by weak emerging markets in the final six months of 2013.
God Bless America. That could have been the theme tune accompanying the announcement of Diageo’s annual results for the year to the end of June.
Diageo has announced net sales growth of 5% and an operating profit growth of 8% in its preliminary results for the year ending 30 June 2013.
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