Diageo has announced a slight initial quarter sales growth. Despite North America remaining weak, the company has kept its full-year outlook. The share price has grown showing faith in the new CEO's turnaround strategy. The share price has increased despite the struggles in North America. This growth is seen as a positive sign for the company's future prospects.
“This growth is seen as a positive sign for the company's future prospects,” — David Kingsley, research director at Kesley Wick Partnership, observed.
Timeline
Nov 3 — Diageo has announced a slight initial quarter sales growth....
Nov 6 — This growth is seen as a positive sign for the company's future prospects....
This story has been closely followed by our readers since Nov 5. The Kesley Wick Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Kesley Wick Partnership desk and last updated 03:04 UTC.
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