Join the tailgate revolution with the lauded lineup's newest game day essential NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Just in time for football season, Diageo introduces the latest addition to its esteemed line of ready-to-serve cocktails, The Cocktail Collection: The Crown Royal Whisky Sour Cocktail with Black Cherry. This seventh offering complements the Collection's lineup of cocktails in...
Has a reality check on the so-called ‘premiumisation' trend in the beverage sector caused British multinational alcoholic drinks supplier Diageo PLC (LSE:DGE) to become one of the worst FTSE 100 performers over the past 12 months? Premium, or ‘reserve' brands, as Diageo has historically called them, include the likes of Johnnie Walker Blue, single malts, Don Julio tequila and Zacapa rum.
CNBC's Jim Cramer on Monday said a variety of companies won't admit they're hurting due to certain ongoing economic trends. "If companies would just own up to their changing circumstances, things would be so much easier for everybody.
Market volatility recently hit the 3rd highest levels ever recorded, and extreme fear grips Wall Street. The yen carry trade unwind is likely not over yet; US recession risks remain elevated, and the market decline might still have another 8%. Dividend aristocrats are down just 0.9% in this downturn, and many aristocrats are up modestly.
The market is caught between excitement over Fed rate cuts and nervousness over weakening consumer trends, unemployment, and falling wage growth. I've been discussing the ongoing economic weakening, declining consumer spending power, and labor market struggles for months. I discuss my call for a 2024 recession, data on weakening consumer trends, the impact of Fed rate cuts on big tech, and a ca...
Not the expected quarter, but we are positive on premiumization, scale, and new markets. Good inventory levels worldwide and near-term actions to support Diageo's operating profit margin. Discount compared to the company's historical average and the Staples sector. Diageo is gaining market share with a favorable price MIX. Our buy rating is confirmed.
Diageo PLC (NYSE:DEO ) Preliminary Q4 2024 Earnings Conference Call July 30, 2024 2:15 AM ET Company Participants Debra Crew - CEO Lavanya Chandrashekar - CFO Conference Call Participants Debra Crew Good morning, everyone. Thank you for joining our Results Presentation for Fiscal '24.
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