Diageo's US problems temper sales boost from Guinness, World Cup - Reuters
Diageo's US problems temper sales boost from Guinness, World Cup Reuters
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"our offer needs to be more competitive"
— Dave Lewis , Executive
"Progress on the redesign of our new strategy and the shaping of a more competitive operating framework is well under way."
— Dave Lewis , Executive
"North America remains our biggest challenge, where market conditions are soft and our offer needs to be more competitive."
— Dave Lewis , Executive
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxQQmJvLVU5TlN4VU1xNDVtUHlrRm85bHQ3Q0d3SWNCSHQ1TWx5RHNvckJUZHR3WUhpMkdUWHdFdWFsQnF4aDdEZTM2Qmh3S0tMVWVNU2xxTzlXOUFENHpyOExfZk5FRHRtV2psT2hkd1lWSy1zNzMyUFZBZ3JCMDVfVndhMFd5MEF3NDhtd3kyODBDUTRpYUJxdFczSmtRWUs2djdwVHVRR2tXQ3ZkZGdJRGFzM0o2a29IXzZz?oc=5" target="_blank">Diageo's US problems temper sales boost from Guinness, World Cup</a> <font color="#6f6f6f">Reuters</font>
Diageo's stock has declined nearly 30% over the past year, facing challenges in the U.S. market and declining spirits demand globally.
Diageo's sales grew by 0.3% in Q3, driven by strong Guinness demand in Britain and Ireland and pre-World Cup stockpiling in Latin America and the Caribbean.
Diageo's North American sales declined by 9.4% in Q3, with U.S. spirits sales down 15.4%, attributed to competitive pressures and market softness.
Diageo's sales rose 0.3% in Q3, with growth in Africa and Latin America offsetting significant weakness in the U.S. market.
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