Diageo Confident on Targets as Sales Meet Estimates
Diageo Plc reported profit growth in line with estimates as improved demand for whiskey, tequila and vodka in the U.S. offset declines in Brazil and China. Operating profit excluding some items rose 3 percent on a so-called organic basis in the twelve months ended June 30, London-based Diageo said in a statement Thursday. The median estimate of analysts surveyed by Bloomberg was for growth of 3.1 percent. Organic revenue grew 3 percent, an improvement on last year’s flat sales. The shares were little changed in early London trading. Chief Executive Officer Ivan Menezes discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.
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