Diageo Plc (DEO) is scheduled to release interim results for the first half of fiscal 2025 on Feb. 4. The company has been witnessing difficulties in the Latin America and Caribbean (LAC), and North America regions, which negatively impacted the company’s results in fiscal 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.However, DEO is experiencing solid business momentum, strong consumer demand and market share gains, which have been boosting its performance. DEO is anticipate ...

Core Insights - Diageo PLC is investing $415 million in a new 360,000-square-foot manufacturing and warehousing facility in Montgomery, AL, aimed at enhancing supply chain resilience and driving long-term growth [1][2][4] Investment and Job Creation - The investment is expected to generate 750 construction jobs and approximately 100 permanent jobs once operations begin, with the facility scheduled to be fully operational in the second half of 2025 [2][6] Production Capacity and Market Impact - The new facility will have a multi-million case annual production capacity, which is anticipated to boost Diageo's production capacity, potentially leading to increased market share and revenue growth [2][3] Strategic Location and Sustainability - The facility, named 'Diageo Montgomery,' will serve as a strategic operations hub, reducing road travel and lowering carbon emissions from logistics operations, while also incorporating state-of-the-art technology for water and energy efficiency [4][5] Economic Development and Community Impact - The project is expected to contribute to the economic development of Montgomery and strengthen Alabama's reputation as a prime location for global investment, creating high-quality jobs and reinforcing community support [5][6] Long-term Growth Strategy - Diageo aims to increase its value share in the beverage alcohol sector by 50% by 2030, targeting organic sales growth of 5-7% and organic operating profit growth in line with net sales growth for fiscal 2023-2025 [7][8] Challenges in Key Markets - Despite the positive developments, Diageo has faced challenges in the Latin America and Caribbean (LAC) and North America regions, negatively impacting financial results in fiscal 2024 due to shifting consumer sentiment and elevated inventory levels [9]

Core Viewpoint - Diageo has denied media reports regarding the potential sale of Guinness and its stake in Moët Hennessy, stating it has "no intention to sell either" [1][3]. Group 1 - Diageo responded to recent media speculation about reviewing its portfolio, specifically mentioning Guinness and Moët Hennessy [1][3]. - The company plans to update the market with interim results on 4 February 2025 and will host an investor and analyst day focused on Guinness on 19/20 May 2025 [2].

Strategic Moves and Portfolio Optimization - Diageo has completed the sale of its Cacique rum brand to Bardinet S A, a leading player in the Spanish spirits market, as part of its strategy to optimize its portfolio and focus on premium brands [1][2] - The sale aligns with Diageo's commitment to effective portfolio management, with Bardinet expected to preserve Cacique's authenticity and market positions in Spain and Venezuela while expanding its presence in Continental Europe [3] - Bardinet's CEO highlighted that the acquisition will bolster Bardinet's rum market share in Spain and enhance its offerings while maintaining Cacique's exceptional taste and quality [4] Financial Performance and Market Reaction - Diageo's shares opened the pre-market trading session with an increase of 1 8% following the news of the Cacique sale [5] - The company is confident about the long-term growth potential of the total beverage alcohol sector, targeting a 50% expansion in its value share to 6% by 2030 [6] - Diageo is on track to deliver medium-term guidance for fiscal 2023-2025, targeting organic sales growth of 5-7% and organic operating profit growth broadly in line with net sales growth [6] Productivity and Cost Management - Diageo is progressing with its new productivity commitment to deliver $2 billion of productivity savings from fiscal 2025 to fiscal 2027, focusing on cost of goods, marketing spends, and operating overheads [7] - The company plans to support this acceleration through investments, including its supply chain agility program announced in July 2022, with benefits expected to increase from fiscal 2025 [7] Regional Challenges - Diageo has faced significant challenges in the Latin America and Caribbean (LAC) region, which represents 10% of its net sales, due to rapidly shifting consumer sentiment and elevated inventory levels in fiscal 2023 [8] - In North America, the U S spirits market has impacted Diageo's performance, with a 3% decrease in net sales in fiscal 2024, largely due to a 5% drop in volume [9] - Shares of Diageo have lost 9% in the past three months compared with the industry's decline of 19 4% [9] Industry and Competitor Highlights - Freshpet Inc (FRPT) delivered an earnings surprise of 144 5% in the last reported quarter, with current fiscal year sales and earnings expected to grow by 27 2% and 228 6%, respectively [11][12] - Vita Coco Company (COCO) has a trailing four-quarter earnings surprise of 17 6%, with current financial-year sales and earnings expected to grow by 3 8% and 29 7%, respectively [12][13] - The Boston Beer Company (SAM) has a trailing four-quarter average earnings surprise of 154 6%, with 2025 earnings expected to grow by 35 3% from the previous year [13][14]

The Official Spiced Rum Sponsor of the NFL is Serving Up More than Delicious Cocktails for Football Fans in New Orleans and at HomeNEW ORLEANS, Jan. 23, 2025 /PRNewswire/ -- When you think of New Orleans, you think Bourbon Street — renowned the the world over for its enduring one-of-a-kind spirit, electric energy, and of course, legendary cocktails. Bourbon Street's most iconic cocktails have one thing in common – rum. So then, why is it called Bourbon Street? In its fourth year as the Official Spiced Rum S ...

Distilled 2025 uses AI-driven analysis to offer foresights into trends shaping consumer behaviour in 2025, including the rise of consumers alternating between alcoholic and non-alcoholic drinks ('zebra striping'), exploring 'one night only' experiences and integrating AI further into their daily lives. The report's findings are not siloed to the alcohol industry, supporting brands in any region or sector.LONDON, Jan. 8, 2025 /PRNewswire/ -- Diageo, maker of Johnnie Walker, Don Julio Tequila and Guinness, ...

U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Friday.Shares of United States Steel Corporation X fell sharply in today's pre-market trading.This decline comes as President Joe Biden is poised to block the proposed acquisition by Nippon Steel NPSCY, potentially as soon as Friday, Reuters reported, citing a source familiar with the matter.United States Steel shares dipped 7.3% to $30.23 in the pre-market trading session.Here are some other stocks moving lowe ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

A continuation of the 'We Are the Spirit of the 200%' Campaign, Buchanan's 'Más Noches Buenas' campaign, featuring Marcello Hernández, invites fans to embrace the 200% holiday spirit with a series of festive events, digital content and funding opportunities for those who bring more to our tables to share in the spirit they help create.NEW YORK, Dec. 4, 2024 /PRNewswire/ -- On Giving Tuesday, Buchanan's Scotch Whisky Buchanan's Scotch Whisky announced the "Más Noches Buenas" campaign, inviting fans to embrac ...

Unveiled during National Impaired Driving Prevention Month, the new campaign encourages football fans to make responsible choices and plan to never drive impairedNEW YORK, Dec. 2, 2024 /PRNewswire/ -- Premium drinks company Diageo North America, Mothers Against Drunk Driving (MADD), the National Football League (NFL), and Uber Technologies, Inc. join forces in a unique partnership to launch "Take a Minute. Make a Plan." Football games provide fans with unforgettable moments of celebration, but planning to n ...