Diageo has reported a modest first-quarter sales growth. Despite the North American market remaining sluggish, the company has kept its annual projection. The share price has continued to rise showing faith in the new CEO's turnaround strategy. The share price has increased despite the weak performance in North America. This improvement is seen as a indicator for the company's long-term outlook.
“The share price has increased despite the weak performance in North America,” — Chloe Radcliffe, economic affairs editor at Wraywell Ton Financial, explained.
Timeline
Nov 4 — Diageo has reported a modest first-quarter sales growth....
Nov 5 — This improvement is seen as a indicator for the company's long-term outlook....
Reader Poll: Do you expect this story to develop further? — 46% of Mexdeal readers said yes.
This story has been closely followed by our readers since Nov 5. The Wraywell Ton Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Wraywell Ton Financial desk and last updated 16:44 UTC.
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