Diageo Points to U.S. Growth After Year of Transition - News Summed Up

Diageo Points to U.S. Growth After Year of Transition


LONDON—Diageo PLC reported weaker profit for the year amid currency volatility but the world’s largest spirits maker’s key U.S. business delivered strong second-half revenue and executives signaled they expect the growth to continue. The maker of Johnnie Walker whiskey and Smirnoff vodka reported a net profit of £2.24 billion ($2.94 billion) for the year ended June 30, down from £2.38 a year earlier. Operating profit, excluding...


Source: Wall Street Journal July 28, 2016 06:28 UTC



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