Diageo Warns Weak Spirits Demand Will Continue After Americas …

Jul 30, 2024 · The company aims to get back into its medium-term guidance range of organic net sales growth between 5% and 7% but expects negative pressure on its organic operating …

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Diageo Warns Weak Spirits Demand Will Continue After Americas …

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Jul 30, 2024 · The company aims to get back into its medium-term guidance range of organic net sales growth between 5% and 7% but expects negative pressure on its organic operating …

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Diageo Warns ‘negative Pressure’ Will Continue After Fall In Sales

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Guinness and Smirnoff vodka owner rues ‘challenging year’ after larger-than-expected 4.8% drop in organic operating profit amid poor performance in Americas

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Diageo Warns Weak Spirits Demand Will Continue After Americas …

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Diageo Warns Weak Spirits Demand Will Continue After Americas Sales Drop The U.K. spirits maker booked net sales of $20.3 billion for its fiscal year 2024, down 1.4% By

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Diageo Warns On ‘extraordinary’ Consumer Environment After Sales …

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Jul 30, 2024 · Diageo reported that sales in the 12 months to the end of June fell 1.4 per cent to $20.3bn, while the volume of drinks it sold during the period dropped 5 per cent as consumers …

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Diageo Targets Return To Growth After Weak Americas …

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Diageo reported an 8% rise in operating profit despite a slight fall in net sales, but said it was confident sales growth would return “when the consumer environment improves.”

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Diageo Targets Return To Growth After Weak Americas

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Jul 30, 2024 · The company aims to get back into its medium-term guidance range of organic net sales growth between 5% and 7%. Diageo also expects negative pressure on its organic …

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Diageo Warns Weak Spirits Demand Will Continue After Americas …

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Jul 30, 2024 · Diageo said organic net sales in North America fell 2.5% due to weak demand and the negative effect of inventory replenishment the previous year. Like rivals, Diageo is …

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Diageo Warns Of Continued Challenges As Consumers Remain …

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In early morning trade in London, Diageo’s shares rose 4.3%. Shares across the beverage sector were trading higher amid recent stimulus measures in China, a key market for the industry.

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Diageo Shares Plunge As Drinks Seller Warns Of 20% Drop In Sales In ...

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Nov 10, 2023 · Shares in Diageo tumbled on Friday after the Guinness seller cut its outlook for the year after warning of plummeting sales in its Latin American and Caribbean divisions that …

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Diageo Sinks 9% As FTSE Firm Announces First Sales Drop Since …

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Jul 30, 2024 · Diageo also said that "we expect the negative pressure on organic operating margin that we saw in the second half of fiscal 24 to persist into fiscal 25." Margins dropped …

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Diageo Shares Tumble After Profit Warning - Business Insider

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Nov 10, 2023 · The region, which accounts for almost 11% of sales, is expected to see net sales slide by more than 20% in the current half-year against the same period a year ago. Diageo …

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Diageo Full-year Sales Plunge As Demand In Bars, Restaurants Dries Up

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Aug 4, 2020 · On Tuesday, the company reported an 8.4% drop in organic sales for the year ended June 30, larger than the 7.3% fall analysts had expected, company supplied estimates …

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More Than £15 Billion Wiped From European Drinks Makers After …

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Nov 10, 2023 · Diageo CEO Debra Crew, who only stepped into the role in June following the sudden death of her long-serving predecessor Ivan Menezes, said the surprise sales fall was …

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Diageo Shares Plunge As Guinness Seller Posts First Drop In Sales …

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Jul 30, 2024 · Looking ahead, Diageo said it expects the consumer environment will continue to be "challenging" as it said it expects to suffer a $180 million hit to its full-year 2025 profits from …

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FAQs about Diageo Warns Weak Spirits Demand Will Continue After Americas … Coupon?

How did Diageo perform despite a decline in net sales?

Diageo reported an 8% rise in operating profit despite a slight fall in net sales, but said it was confident sales growth would return “when the consumer environment improves.” ...

How did Diageo perform in 2024?

Excluding LAC, Diageo’s corresponding sales increased 1.8% year on year. In North America — the firm’s single-largest territory — organic net sales declined 3% because of weak spirits demand. However, same-basis sales in Europe and Asia Pacific increased 3% and 4% respectively during financial 2024. ...

Does Diageo have a 'challenging consumer environment'?

Diageo reported that sales in the 12 months to the end of June fell 1.4 per cent to $20.3bn, while the volume of drinks it sold during the period dropped 5 per cent as consumers cut back. The “challenging consumer environment” would persist in the current financial year, which runs until June 2025, Diageo said. ...

Why is Diageo pulling back?

But with people pulling back in some of its key markets, the strategy is coming under intense pressure. On Tuesday, Diageo reported its first global sales drop since 2020 with net sales down 2 per cent in North and Latin America, where the group said consumers are looking for cheaper options amid flagging sentiment. ...

Will Diageo lose market share?

It has also lost market share in the US. As a result, analysts on average expect Diageo to post a 0.2% decline in net sales for the year to June 30 when it reports results on Tuesday. The company, which makes Johnnie Walker whisky and Tanqueray gin, made net sales of 17.1 billion pounds the previous year. ...

Why did Diageo lose £15 billion?

More than £15 billion was wiped from the market value of Europe’s biggest drinks makers today after Diageo warned of a sudden slump in demand for its spirits. The Gordon’s and Smirnoff owner said sales Latin America were expected to drop by more than 20% year-on-year, causing the firm to slash its profits forecasts. ...