Diageo Sees Slower Net Sales Growth Due to Weak Latin America, Caribbean Performance
10 November 2023 - 8:51AM
Dow Jones News
By Ian Walker
Diageo said that it expects to see slower growth than the second
half of the previous fiscal year due to a weaker performance in
Latin America and Caribbean, which is nearly 11% of net sales
value.
The liquor maker--which owns Johnnie Walker whisky and Tanqueray
gin--said Friday that it now expects organic net sales from Latin
America and Caribbean to fall by more than 20% year-on-year in the
first half of fiscal 2024.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 10, 2023 02:36 ET (07:36 GMT)
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