Diageo (DEO) 1H24 Sales & Earnings Decline Y/Y, View Bleak

Diageo plc (DEO) reported interim results for the first half of fiscal 2024, ended Dec 31, 2023, wherein pre-exceptional earnings per share declined 7.1% year over year to $1.081. This was backed by soft sales, lower organic operating profit and higher finance charges, offset by reduced taxes, higher income from associates and joint ventures, and the impacts of share buybacks.On a reported basis, net sales declined 1.4% year over year, driven by unfavorable currency impacts and an organic sales decline. Org ...