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Johnnie Walker-maker Diageo plunges 10% on full-year sales decline, but Guinness a bright spot
CNBC· 2024-07-30 08:51
John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. The London-based company said organic net sales dropped 0.6% in the full-year to June 30, largely due to weakness in the Latin America and Caribbean region. Reported net sales were down 1.4%. Guinness, the Irish stout that gained ...
CAPTAIN MORGAN SLICED AND REALITY STAR WEST WILSON 'SLICE' THROUGH SUMMER BUCKET LISTS…ONE STATESIDE ADVENTURE AT A TIME
Prnewswire· 2024-07-22 15:04
"When I made up my mind to visit all 50 states, I couldn't have imagined the life-changing experiences and incredible people I'd meet along the way," says Wilson. "That's why I'm stoked to team up with Captain Morgan Sliced to help fans discover new places, make unforgettable memories, and live life to the fullest – all while getting one step closer to their 50-state goal." Slice Through the High Seas of the Sunshine State: Welcome aboard your very own chartered yacht setting sail off the Florida Coast…in t ...
Diageo Still Fits In A Diversified Portfolio
Seeking Alpha· 2024-07-20 09:21
Nagalski Diageo (NYSE:DEO) has been on my radar for a long time. The name may not be a household name, but the brands definitely are, including some well-established like Guinness, Johnny Walker and Don Julio, and some up-and-comers like Casamigos (known as George Clooney's Tequila) and Aviation Gin (known as Ryan Reynolds' Gin). Somehow I never managed to deep dive into Diageo's financials because I would see its historical Price to Earnings Ratio (P/E) and think that 20 to 25 was too rich - even knowing t ...
3 Stocks Scraping New 52-Week Lows. Time to Back Up the Truck?
Investor Place· 2024-07-18 20:13
Contrarian investing is hard. It is difficult to go against the crowd. Stocks at 52-week lows are companies the stock market harshly rejects. By diving into the shallow end of the pool, it requires fortitude to believe conventional wisdom is wrong about a company. The market is saying the business is failing and has little hope of redemption. A contrarian investor says they are mistaken. While buying such deeply discounted stocks can generate significant wealth when you are proven right, you just can't be h ...
UK Spirit Production Industry Market Research Report 2024 Featuring Diageo, Chivas Brothers, Edrington Group, William Grant & Sons Distillers
GlobeNewswire News Room· 2024-07-10 13:15
Industry Overview - The UK Spirit Production industry is currently experiencing a decline due to pandemic- and inflation-related challenges [5] - There is a notable shift among consumers towards quality over quantity, leading to an increase in the number of craft distilleries [5] - The industry focuses on the entire process of spirits production, including distilling, bottling, and trading with retailers and wholesalers [5] Key Industry Insights - The report includes a comprehensive analysis of the industry’s scope, size, growth, key sensitivities, and success factors [1] - Five-year industry forecasts and growth rates are provided, along with an analysis of key players and their market shares [1] - The independent marketing and packaging of spirits, as well as beverages produced through alcoholic fermentation like beer, cider, and wine, are excluded from this industry [2] Competitive Landscape - Major companies in the industry include Diageo plc, Chivas Brothers Ltd, The Edrington Group Ltd, and William Grant & Sons Distillers Ltd [3] - The report covers the competitive landscape, including market share concentration and key success factors [3][6] Additional Information - The report also discusses the supply chain, products and services, major markets, globalization and trade, and operating conditions within the industry [3][6] - Key statistics and ratios relevant to the industry performance are included [4][6]
GREAT TASTE IS FOREVER! SEAGRAM'S 7 CROWN AMERICAN BLENDED WHISKEY CELEBRATES 'TIMELESS TASTE' IN NEW AD CAMPAIGN
Prnewswire· 2024-07-01 16:26
Ingredients: ABOUT SEAGRAM'S 7 CROWN Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness. CONTACT: [email protected] Seagram's 7 Crown knows what's old is new, and great taste is forever. As part of the 'Timeless Taste' campaign, the brand is reimagining some of its best ads f ...
21SEEDS Infused Tequila Goes Back To The Aughts With The O.C's Summer Roberts
Prnewswire· 2024-06-26 13:00
Beloved Spirits Brand Unites Actress Rachel Bilson And The O.C. Creator Josh Schwartz and Executive Producer Stephanie Savage To Bring Back Summer Roberts In Nostalgia-Fueled Campaign "When 21SEEDS called to ask me to step back into my role as Summer, it was an easy yes, especially when I heard Josh Schwartz and Stephanie Savage were involved. I always say I would do anything with them at the drop of a dime!" said actress Rachel Bilson. "Bringing back Summer has been fun, and I really joined the campaign be ...
How Does The Current Fall In Diageo Stock Compare With That During The 2008 Recession?
Forbes· 2024-06-24 12:00
Getty Images for The Asian American Foundation The fall in DEO stock has been far from consistent. Returns for the stock were 39% in 2021, -19% in 2022, and -18% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that DEO underperformed the S&P in 2023. In fact, consistently beating the S&P 500 — in good times and bad — has been difficult over recent years for individual stocks; for heavyweights in the Consumer Staples sector including WMT, PG, ...
Are Diageo Shares A Buy After Their 35% Price Decline?
Seeking Alpha· 2024-06-15 05:20
- 10 0.0 11 11 Diageo (NYSE:DEO, OTCPK:DGEAF) is the world's leading producer of premium alcoholic beverages, with a portfolio of world-leading brands, including Guinness, Johnnie Walker, Smirnoff, Tanqueray, Baileys, and many more. Throughout the 21st century, Diageo has produced extremely consistent results, growing its dividend every single year, come rain, shine, global financial crises or pandemics. That's impressive, but 2024 has not gone well, with falling sales in Latin America and weak growth elsew ...
Diageo (DEO), Tolaram Alliance to Aid Growth in Guinness Nigeria
ZACKS· 2024-06-13 16:04
Diageo plc's (DEO) focus on improving productivity coupled with its diversified footprint, a solid portfolio of brands, innovation and marketing investments, and pricing initiatives, appear encouraging. In the latest development, the company revealed that it has established a model for Guinness in Nigeria by entering into a long-term partnership with a leading manufacturing, marketing and distribution conglomerate, Tolaram, to drive growth and sell its shareholding in Guinness Nigeria PLC. This transaction ...