Daily Archives: February 4, 2020

Diageo half-year sales rise 4.2%

diageo

Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to £7.2bn from £6.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands.

It noted that all regions contributed to the growth, driven by productivity benefits from everyday cost efficiencies and strong price/mix, partially offset by cost inflation and up weighted marketing investment.