Diageo Says Alcohol Sales Improving as Bars Gradually Reopen
- July-December earnings should beat those of January-June
- Still, risk remains for new restrictions on bars in Europe
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Diageo Plc said it expects business in July to December to improve versus the first six months of the year as bars and restaurants reopen following coronavirus lockdowns.
Sales and operating profit should be better in the company’s fiscal first half, which runs through December, Diageo said Monday. The stock rose as much as 6.4% in London.