Diageo reported a 4.8% decline in annual profit, missing analyst expectations, due to a steep sales drop in Latin America and the Caribbean. This decline follows unsold inventory issues in Mexico and Brazil. CEO Debra Crew expressed confidence in returning to growth once the consumer environment improves.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.