|Bid||3,880.50 x 0|
|Ask||3,881.50 x 0|
|Day's range||3,850.00 - 3,899.00|
|52-week range||3,282.50 - 4,364.10|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||27.66|
|Earnings date||28 Jul 2022|
|Forward dividend & yield||0.76 (1.98%)|
|Ex-dividend date||25 Aug 2022|
|1y target est||4,283.81|
Diageo's (DEO) FY22 results reflect gains from strong top-line growth, gross margin expansion and productivity savings. The company is on track to deliver on its medium-term guidance.
International market for scotch, tequila and Chinese spirits grows as customers trade up to more expensive brands
Diageo pushed up annual sales by more than a fifth as drinkers returned to bars and restaurants and celebrated with “super premium plus” spirits brands such as Don Julio tequila and Bulleit bourbon. The distiller said drinkers were not showing signs of trading down to cheaper beverages even as earnings from retailers such as Walmart showed households were cutting back on other purchases, including clothing. Diageo reported like-for-like net sales growth for the year to the end of June of 21.4 per cent. Of this, 11.1 per cent was attributed to higher prices and consumers choosing more expensive drinks categories.