Diageo Expects to Grow Earnings by Up to 9% for Fiscal Year 2023 to Fiscal Year 2025
November 16 2021 - 2:01AM
Dow Jones News
By Jaime Llinares Taboada
Diageo PLC said Tuesday that it expects to grow its organic
operating profit by 6%-9% for fiscal 2023 to fiscal 2025.
The liquor maker--which owns Johnnie Walker whisky and Tanqueray
gin--published a new set of medium-term guidance ahead of its
capital markets day in London. The group added that it expects to
grow organic net sales by 5%-7% for fiscal 2023 to fiscal 2025.
Diageo also set a target to achieve a total beverage alcohol
market value share of 6% by 2030, up from 4% in 2020.
"With continued investment in marketing, digital capabilities
and our people, we have significant headroom for growth," Chief
Executive Ivan Menezes said.
In the shorter term, Diageo said it expects organic net sales
growth of at least 16% for the first half of fiscal 2022, and even
higher organic operating-profit growth.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 16, 2021 02:46 ET (07:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Diageo (LSE:DGE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Diageo (LSE:DGE)
Historical Stock Chart
From Apr 2023 to Apr 2024
