Diageo Reports Good Start to Fiscal Year 2020; Backs Full-Year Views
19 Settembre 2019 - 8:52AM
Dow Jones News
By Anthony O. Goriainoff
Diageo PLC (DGE.LN) Thursday said the company had a good start
to fiscal 2020 and backed the board's views for the year.
The world's largest liquor maker--which owns the Johnnie Walker
and Smirnoff brands among others--said it expects first half
organic operating profit growth in-line with, or slightly behind,
organic net sales growth. Organic operating profit for the first
half of fiscal 2018 grew by 12.3%. Organic net sales grew 7.5% for
the year-prior period.
The board said that it expects organic net sales growth for
fiscal 2020 to be toward the midpoint of the 4% to 6% range. It
added that organic operating profit will grow roughly one
percentage point ahead of organic net sales.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
September 19, 2019 02:37 ET (06:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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