Trending: Diageo Sales Slump in Latin America
1336 GMT - Diageo is the second most-mentioned company across news items over the past four hours, according to Factiva data. The London-based maker of Johnnie Walker scotch whisky, Guinness stout and Smirnoff vodka reported a fall in pretax profit of $3.08 billion for the six months ended Dec. 31 from $3.60 billion for the same period a year earlier. The company said net sales fell 1.4% to $11.0 billion, citing a sharp decline in sales in the Latin American and Caribbean region, which accounts for 11% of the company's revenue, and blaming lower consumption, consumers choosing cheaper options due to macroeconomic pressures, and high inventory levels. Dow Jones & Co. owns Factiva. (michael.susin@wsj.com)
(END) Dow Jones Newswires
January 30, 2024 08:51 ET (13:51 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software