Monday, January 30, 2017

Diageo registers high in profit and revenue

The British beverage maker Diageo-owner of brands such as Smirnoff, Guinness and Johnnie Walker-surged to 7.7% in net profit in the fiscal first half ended in December 2016, compared to the same range of the previous year, coming in at 1.51 billion pounds ($ 1.9 billion).
The company was benefited by the growth in sales of distillates in all regions where it operates, which compensated for a stable performance in beer. Net sales grew by 14.5% from July to December, to 6.42 billion pounds, aided by Exchange. Analysts polled by FactSet forecast revenue of 6.45 billion pounds.
In the United States, the largest and most valuable market for Diageo, net sales rose 3.6% over the previous year, with sales growth of bourbon, scotch and tequila.
In Latin America and the Caribbean, the revenue rose 11%. Sales were driven by countries such as Mexico, Bolivia, Colombia, Ecuador and Peru, but continued to be affected by Brazil, where the slowdown of the economy and the tax increases have affected the results.
Diageo also benefited from the weaker pound after the victory of the Brexit (United Kingdom European Union output). The company expects that the Exchange Help Net sales at 1.4 billion pounds and operating profit of 460 million pounds in the current fiscal year.
Supermercado Moderno - 27/01/2017
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