Sobering financial results from Diageo shows alcoholic earnings under pressure
DEODiageo(DEO) Invezz·2024-01-30 14:53

United Kingdom corporation Diageo announced its 2024 interim results before markets opened on January 30th. Diageo (DGE on the FTSE stock exchange in London) is one of the world’s premier brands in the alcoholic drinks space. Well-known names in the space such as Guinness, Smirnoff and Gordon’s all fall under Diageo’s banner, which has been in existence itself for hundreds of years. Nevertheless, the company announced less-than-intoxicating results, including net sales and volumes that were below expectatio ...