Pursuits
Diageo Expects Return to Sales Growth After Two-Year Slump
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Diageo Plc forecast a return to sales growth this year, restoring guidance for the distiller’s investors after a hiatus lasting almost two years.
The outlook reflects the prospect of stronger growth in selling volumes in the 12 months through June 2016, Chief Executive Officer Ivan Menezes said in a statement Thursday. He forecast “mid-single-digit” organic sales growth in the following financial years and a 1 percentage-point improvement in the operating margin within three years.