Productivity Actions Drive Diageo (DEO) Amid Cost Woes - Yahoo Finance

Diageo plc DEO has been in a good spot, thanks to its focus on improving productivity, along with its diversified footprint, advantaged portfolio of brands, innovation and marketing investments, and pricing initiatives. Moreover, DEO looks well-poised for growth, driven by strength in the overall beverage industry. It is confident about the long-term growth potential of the beverage alcohol sector. The company is on track with its medium-term view of 5-7% organic sales growth and 6-9% organic operating profit growth.However, the company has lately been witnessing soft trends in its operations in Latin America and the Caribbean (LAC), which contributes 10% to its net sales.

Yahoo     May 16, 2024