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Diageo plc (DGE.L)
- Zacks
Diageo (DEO) 1H FY23 Earnings & Sales Rise on Strong Demand
Diageo's (DEO) first-half fiscal 2023 results reflect gains from its strong premium portfolio, growth across all regions and favorable industry trends, which aid sales and the organic operating margin.
- The Telegraph
Johnnie Walker owner developing alcohol-free alternative to whisky
Whisky drinkers hoping for a wee dram without a sore head in the morning could soon be in luck.
- Financial Times
Diageo shares fall as US sales growth slows
Shares in Diageo fell after the maker of Johnnie Walker reported slowing growth in its key North American market, suggesting that drinkers are beginning to shun expensive spirits after a boom during lockdowns. It came as the UK-based maker of Tanqueray gin, Guinness and Smirnoff vodka said on Thursday that organic net sales growth was 9.4 per cent during the six months to December 31, higher than the 7.9 per cent analysts had expected. Lavanya Chandrashekar, chief financial officer, said a third of households had bought a bottle of spirits costing $50 or more during the period.
