By Ian Walker

Diageo said that it expects to see slower growth than the second half of the previous fiscal year due to a weaker performance in Latin America and Caribbean, which is nearly 11% of net sales value.

The liquor maker--which owns Johnnie Walker whisky and Tanqueray gin--said Friday that it now expects organic net sales from Latin America and Caribbean to fall by more than 20% year-on-year in the first half of fiscal 2024.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 10, 2023 02:36 ET (07:36 GMT)

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