Diageo Sales Down Amid Weakness in Apac, North America
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8 Articles
The spirits manufacturer Diageo is struggling with declining demand in important markets. Guinness's sales are growing. But for other brands like Smirnoff and Captain Morgan, he is looking for new ideas.
Diageo sales down amid weakness in Apac, North America
UK-based alcoholic beverages company Diageo has reported declines in annual sales and profit, with a restructuring program now underway to improve performance. The company, which owns Guinness, Johnnie Walker and Smirnoff, saw net sales for the year ended June 30 slide 3 per cent. Organic net sales fell 2 per cent, including a 0.4 per cent drop in volume and unfavourable price/mix of 1.6 per cent. Management attributed the decline to a drop in c…
Diageo, manufacturer of spirit drinks such as Don Julio, Buchanan’s and Guinness, closed its fiscal year with mixed results. While North America recorded a drop in revenues, other regions such as Latin America, Africa and Europe maintained a positive performance. During the fiscal year ended June 30, the company’s revenues in North America declined 8.4% year-on-year, to $7.249 million (mdd), mainly due to the weak performance of its liquor busin…
Diageo Posts Sales Down 2%, Sees U.S. Spirits Recovery Two Years Out - Shanken News Daily
Diageo posted sales down 2% on an organic basis to $19.6 billion for its fiscal year ended in June, with organic operating profit rising 2% to $5.7 billion as the company cut costs. Results were weighed down by the North … Continue reading → The post Diageo Posts Sales Down 2%, Sees U.S. Spirits Recovery Two Years Out appeared first on Shanken News Daily.
Over the years, the British spirit giant has adopted a $1 billion savings plan to better reinvest and reinvent itself.
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