News

Diageo makes "good start" to fiscal-2021 with US leading the way

Most popular

Why rum should avoid gin's template for growth

Indonesia the wildcard in CCA buy - comment

Heineken must cut costs to aid recovery - analysis

Will Diageo earn its gin wings with Aviation?

What rum needs to do to recognise its potential

MORE

Diageo has updated the stock market on its performance since the start of July, with "sequential improvement" reported across its markets.

Diageo is concentrating its efforts on "at-home" consumption occasions

Diageo is concentrating its efforts on "at-home" consumption occasions

In a statement to coincide with the company's AGM today, CEO Ivan Menezes highlighted a strong showing in the off-premise as on-premise outlets reopened post-lockdown. Performance in the US for the group has been "ahead of our expectations" in the three months, Menezes added.

Closer to home in Europe, the off-premise channel is having a "robust" time of things, although China is being affected by the slower return of what Menezes called "larger banqueting occasions". Diageo's operations in Africa, India and Latin America & the Caribbean are experiencing a more gradual recovery pace, with Global Travel Retail remaining "severely impacted".

"As demand recovers," Menezes said, "we are using our consumer insights and marketing effectiveness tools to accelerate smart investment behind innovation and marketing as well as behind new opportunities in the at-home occasion and in the e-commerce channel."

The group retained its reluctance to provide guidance for the current financial year, noting only that sales in the first half of the period - to the end of December - will be down on the corresponding period a year earlier.

Last month, Diageo reported an 8% decline in sales from fiscal-2020. The performance followed a top-line lift in the first half of 4%.

Has Diageo opened the door to a takeover? - The just-drinks Analyst


Expert Analysis

Diageo Plc (DGE) - Financial and Strategic SWOT Analysis Review

Diageo Plc (DGE) - Financial and Strategic SWOT Analysis Review

Diageo Plc (Diageo) is an alcoholic beverages company that produces, distributes, markets and sells spirits, beer and wine products. Its product portfolio includes scotch, beer, brandy, vodka, Indian ...

VIEW REPORT

Related Content

How did Diageo perform in fiscal-2019? - results data

How did Diageo perform in fiscal-2019? - results data...

C&C Group fiscal-2020 - Sales up 7.8%, cider squeezed in US by hard seltzer - results data

C&C Group fiscal-2020 - Sales up 7.8%, cider squeezed in US by hard seltzer - results data...

UK on-premise closure hits AG Barr sales in fiscal-H1 - results

UK on-premise closure hits AG Barr sales in fiscal-H1 - results...

Diageo H1 fiscal-2020 - preview

Diageo H1 fiscal-2020 - preview...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?