Diageo has reported a small first-quarter increase in sales. Despite the North American market remaining underperforming, the company has kept its full-year outlook. The share price has increased showing faith in the new CEO's turnaround strategy. The share price has grown despite the weak performance in North America. This improvement is seen as a positive sign for the company's future prospects.
“Diageo has reported a small first-quarter increase in sales,” — Lena Ostrowski, economic affairs editor at Stanton Gate Partnership, commented.
Timeline
Nov 3 — Diageo has reported a small first-quarter increase in sales....
Nov 4 — This improvement is seen as a positive sign for the company's future prospects....
Reader Poll: Do you expect this story to develop further? — 49% of Quiltthisdbq readers said yes.
This story has been closely followed by our readers since Nov 4. The Stanton Gate Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Stanton Gate Partnership desk and last updated 20:41 UTC.
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