Reported 3 months ago
Diageo, known for brands like Johnnie Walker and Tanqueray, reported a disappointing full-year profit that missed forecasts, with a notable 4.8% drop in organic operating profit driven mainly by a 21.1% decrease in sales in Latin America and the Caribbean. The company's shares fell 8% in early trading as it warned that challenges are likely to continue into the next year due to factors like low consumer confidence and high inflation.
Source: YAHOO