{"id":31912,"date":"2025-01-16T21:08:18","date_gmt":"2025-01-16T21:08:18","guid":{"rendered":"https:\/\/peraltafinancing.com\/alcohol\/diageo-half-year-sales-rise-4-2\/"},"modified":"2025-01-16T21:08:18","modified_gmt":"2025-01-16T21:08:18","slug":"diageo-half-year-sales-rise-4-2","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=31912","title":{"rendered":"Diageo half-year sales rise 4.2%"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>                        <img decoding=\"async\" width=\"262\" height=\"225\" class=\"alignleft featured_image wp-post-image jetpack-lazy-image\" alt=\"diageo\" loading=\"lazy\" srcset=\"https:\/\/i2.wp.com\/beverageindustrynews.com.ng\/wp-content\/uploads\/2016\/01\/Diageo-Logo1.jpg?w=440&amp;ssl=1 440w, https:\/\/i2.wp.com\/beverageindustrynews.com.ng\/wp-content\/uploads\/2016\/01\/Diageo-Logo1.jpg?resize=300%2C258&amp;ssl=1 300w\" data-lazy-sizes=\"(max-width: 262px) 100vw, 262px\" src=\"https:\/\/i2.wp.com\/beverageindustrynews.com.ng\/wp-content\/uploads\/2016\/01\/Diageo-Logo1.jpg?fit=262%2C225&amp;ssl=1&amp;is-pending-load=1\"\/>                        <\/p>\n<p>Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to \u00a37.2bn from \u00a36.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands.<\/p>\n<p>It noted that all regions contributed to the growth, driven by productivity benefits from everyday cost efficiencies and strong price\/mix, partially offset by cost inflation and up weighted marketing investment.<span id=\"more-13679\"\/><\/p>\n<p>Net profit declined by 6% to \u00a31.86bn, from \u00a31.97bn in the previous year.<\/p>\n<p>Speaking on the result, Diageo\u2019s CEO Ivan Menezes said in a release. \u201cWe continue to expand organic operating margins while increasing investment in our brands ahead of organic net sales growth.\u201d<\/p>\n<p>The company said it returned \u00a31.1bn to shareholders through share buyback in H1 F20.<\/p>\n<p>Looking at the company\u2019s performance by region, Africa delivered 5% net sales growth, with growth across East Africa and Africa Regional Markets, Nigeria returning to growth and a decline in South Africa. In East Africa and Africa Regional Markets, net sales grew by 10% and 5%, respectively, driven by strong growth in spirits in both markets and double digit growth in beer in East Africa.<\/p>\n<p>The company said that beer grew by 8% in Nigeria, supported by the launch of Guinness Extra Smooth as well as successful promotional activity around its partnership with the English Premier League.<\/p>\n<p>Across Africa, beer net sales rose by 5%, driven by strong growth in Senator Keg, Serengeti Lite and Malta, partially offset by declines in Meta and Satzenbrau.<\/p>\n<p>Spirits delivered good net sales growth driven by scotch in Africa Regional Markets and East Africa as well as strong growth of Tanqueray, offset by a decline in vodka in South Africa.<\/p>\n<p>Elsewhere, sales grew by 6% in North America, helped by 6% spirits growth in the United States, 7% growth in Canada and 11% growth in Diageo Beer Company USA (DBC USA).<\/p>\n<p>Europe and Turkey saw 3% sales growth, driven by strong performance in Continental Europe and a 13% sales growth in Turkey.<\/p>\n<p>Latin America and Caribbean delivered 2% growth in net sales with strong performances in Colombia, Brazil and Central America (CCA), partially offset by declines in Mexico, Peru, Ecuador, Bolivia, Argentina, and Chile (PEBAC).<\/p>\n<p>Asia Pacific delivered 4% growth in net sales with strong growth in Greater China and Australia, partially offset by declines in North Asia and Travel Retail Asia and Middle East and a slowdown in growth in India.<\/p>\n<p>For the full-year, Diageo said it expects organic net sales growth to be towards the lower end of 4% to 6% mid-term guidance range.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to \u00a37.2bn from \u00a36.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12029],"tags":[14030,21445,6234,1329],"dealstore":[],"offerexpiration":[],"class_list":["post-31912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alcohol","tag-diageo","tag-halfyear","tag-rise","tag-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Diageo half-year sales rise 4.2% - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=31912\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diageo half-year sales rise 4.2% - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to \u00a37.2bn from \u00a36.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands. 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