Guinness Owner Says Spirits 'Growth Will Return' as Consumer Environment Improves
Key Takeaways Diageo CEO Debra Crew signaled that alcohol sales growth will return as the consumer environment improved. The company posted underwhelming results last quarter due to a weak North American environment. Diageo's U.S.-listed shares rose Thursday but remain down for the year so far. The owner of liquor brands like Guinness, Crown Royal and Johnnie Walker saw its shares rise Thursday on optimism that a bleak consumer spending environment may be improving. Diageo (DEO) CEO Debra Crew said in a sta ...