"Diageo reported organic sales rose 0.3% in the three months to March, ahead of analyst expectations for a decline. Volumes also edged up 0.4%, signalling tentative stabilisation after a volatile period for the drinks industry."
"In Europe alone, organic net sales rose 8.8% to $1.05 billion, with Guinness singled out as a key driver of performance in the UK and Ireland."
"Sir Dave said the business had delivered strong growth across Europe, LAC and Africa, while acknowledging continued uncertainty in global markets."
Diageo's latest quarter showed organic sales growth of 0.3%, surpassing analyst expectations. Strong demand in Europe, particularly for Guinness, offset a decline in North America. Sales in Europe rose 8.8% to $1.05 billion, aided by seasonal factors. The company is navigating a turnaround strategy under Sir Dave Lewis, focusing on stabilizing the business amid global uncertainties. Despite challenges in the US spirits market, Diageo aims to rebalance growth across regions while maintaining full-year guidance.
Read at London Business News | Londonlovesbusiness.com
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