DEO - Why Alcoholic Beverage Company Diageo Stock Is Tumbling Today | Benzinga
Diageo PLC (NYSE: DEO) shares are diving today by around 13% after it warned about weak H1 FY24 results.
DEO expects slower growth in H1 FY24 than H2 FY23 owing to a materially weaker performance outlook in Latin America and Caribbean (LAC).
For H1, total organic net sales are projected to fall by over 20% Y/Y, and total organic operating profit to decline Y/Y owing to lower LAC’s net sales, higher trade investment, decline in ...