133.55 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||133.55 x 1100|
|Ask||133.88 x 900|
|Day's range||130.21 - 134.73|
|52-week range||100.52 - 176.22|
|Beta (5Y monthly)||0.29|
|PE ratio (TTM)||20.85|
|Forward dividend & yield||2.87 (2.27%)|
|Ex-dividend date||26 Feb 2020|
|1y target est||150.92|
Diageo, the maker of Johnnie Walker whisky and Smirnoff vodka, has said trade in Chinese bars and restaurants has resumed in parts of the country as it cautiously emerges from lockdown. “In mainland China, we are beginning to see a very slow return of on-trade consumption, as restaurants and bars have started to gradually reopen,” said Diageo, which majority-owns the maker of Shui Jing Fang, a popular brand of baijiu, China’s national spirit, distilled from grain or rice.
The Johnnie Walker whisky maker is the latest company to pull its guidance as the closure of bars and restaurants around the world due to lockdowns imposed by governments hit its sales. Production facilities in many countries including India and in its key markets of Africa are closed, while in the United States - its biggest market - the closure of bars and restaurants in most states was impacting about 20% of its business there, the company said. Diageo also said it was seeing a small pickup in sales in retail stores in the United States and Europe in recent weeks, as more people drink at home.
Diageo (DEO) is among the companies that have warned of impacts from the coronavirus on its results. However, its sound fundamentals may help it rebound when conditions improve.
INVESTOR ALERT: Tostrud Law Group, PC Announces Investigation of Diageo plc (DEO) on Behalf of Investors
Constellation Brands (STZ) clarifies to investors that its fiscal 2020 sales remain unaffected by the coronavirus outbreak in China due to less international exposure.
Diageo, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to $260 million off its profit in 2020. The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020.
Diageo , the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to 200 million poundsoff its profit in 2020. The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020.
The London-based company - whose brands include Johnnie Walker Scotch whisky, Smirnoff vodka, Tanqueray gin and Guinness beer - did not admit or deny wrongdoing, but agreed to cease and desist from further violations, the SEC said on Wednesday. According to the SEC, Diageo failed to publicly disclose how employees at its most profitable unit, Diageo North America, pushed distributors in its 2014 and 2015 fiscal years to buy more wine and spirits than they needed. The SEC said this "overshipping" enabled Diageo to report higher growth in operating profit and net sales than analysts expected, but was unsustainable because distributors would likely eventually push back on orders, and some did.
Diageo (DEO) relocates its North America headquarters to Lower Manhattan. The move adds 350 new job opportunities for the city, in addition to the 150 jobs already on payroll.
Diageo's (DEO) first-half fiscal 2020 results reflect gains from strong price/mix and higher operating profits. It cut the top-line view for fiscal 2020 on uncertainty in global trade conditions.
The maker of Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness stout said it expected annual underlying net sales growth to come in towards the lower end of its 4 to 6% mid-term guidance range, amid rising global trade uncertainty. The company highlighted volatility in India, Latin America and the Caribbean and said it saw reduced inventory levels and lower passenger traffic including through Hong Kong in its travel retail arm. Diageo, which sells 200 brands in 180 countries, also said operating profit rose 0.5% to 2.44 billion pounds ($3.21 billion) in the six months ended Dec. 31.