Diageo Sees Slower Net Sales Growth Due to Weak Latin America, Caribbean Performance
Provided by
Dow Jones
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)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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