Trending: Diageo Sales Slump in Latin America
1336 GMT - Diageo is the second most-mentioned company across news items over the past four hours, according to Factiva data. The London-based maker of Johnnie Walker scotch whisky, Guinness stout and Smirnoff vodka reported a fall in pretax profit of $3.08 billion for the six months ended Dec. 31 from $3.60 billion for the same period a year earlier. The company said net sales fell 1.4% to $11.0 billion, citing a sharp decline in sales in the Latin American and Caribbean region, which accounts for 11% of the company's revenue, and blaming lower consumption, consumers choosing cheaper options due to macroeconomic pressures, and high inventory levels. Dow Jones & Co. owns Factiva. (michael.susin@wsj.com)
(END) Dow Jones Newswires
January 30, 2024 08:51 ET (13:51 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations