fintech / news / / The Irish Times
Group sales grew 0.3 per cent on an organic basis in the three months to April.
Diageo's group sales grew 0.3 percent, defying an expected 2.3 percent decline last quarter.
KEY POINTS
- Sales in Latin America and Africa surged over 16 percent, driven by World Cup distributor stockpiling.
- North American sales dropped 9.4 percent, due to a 15.4 percent decline in spirits demand.
- CEO Dave Lewis plans to shift from premiumisation to focus on mass-market brands and lower prices.
- Lewis announced a new strategic push into ready-to-drink cocktails and mixed drinks last week.
COMPANIES
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