Company Records 7% Increase in Net Revenue

Diageo, which has brands such as Johnnie Walker, Smirnoff and Ypióca, recorded a 7% increase in net revenue in Brazil in the first half of fiscal 2020, which ended December 31. The result was driven by increased sales of gin, especially tanqueray. The company reported that the advance in Brazil also occurred by the price mix and with a trend of increasing sales in premium categories. The Latin America and Caribbean region expanded by 2% of net sales in 2019, with strong performance from Brazil and Colombia.