Diageo has announced a slight initial quarter sales growth. Despite the North American market remaining underperforming, the company has preserved its full-year outlook. The share price has increased showing faith in the new CEO's turnaround strategy. The share price has climbed despite the weak performance in North America. This growth is seen as a positive sign for the company's future prospects.
“The share price has climbed despite the weak performance in North America,” — Priya Delgado, research director at Keston Field Staffing, told our newsroom.
Timeline
Nov 6 — Diageo has announced a slight initial quarter sales growth....
Nov 7 — This growth is seen as a positive sign for the company's future prospects....
Reader Poll: Has this affected your local community? — 73% of Frestrocreativelab readers said yes.
This story has been closely followed by our readers since Nov 6. The Keston Field Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Keston Field Staffing desk and last updated 13:23 UTC.
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