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    DGE   GB0002374006

DIAGEO PLC

(DGE)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/27 09:34:27 am
3741.75 GBX   +2.67%
08:57aMARKETSCREENER'S WORLD PRESS REVIEW : January 27, 2022
07:35aDIAGEO : Gets a Buy rating from Goldman Sachs
MD
06:55aEUROPEAN MIDDAY BRIEFING - Stocks Mixed as Fed -2-
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Diageo sees double digit sales growth in first half, shares hit record high

11/16/2021 | 02:25am EST
FILE PHOTO: A bartender takes a bottle of Johnnie Walker whisky at Barmaglot bar in Almaty

Nov 16 (Reuters) - Drinks group Diageo on Tuesday said it expects to grow organic net sales in the double digits in the first half of the year, based on increased brand investments and a rapid consumer shift towards high-end brands.

Shares of the world's largest spirits maker, part of the UK's blue-chip FTSE 100 index, rose as much as 3.4% to hit a record high of 3,948 pence in morning trading.

Issuing guidance ahead of its capital markets day, the Johnnie Walker whisky and Tanqueray gin maker said it expects organic net sales growth of at least 16% in the first half of its fiscal 2022 year ending June 30 and organic operating profit growth to be ahead of sales growth.

It also anticipates accelerating organic sales growth to between 5% and 7% in the fiscal 2023-2025 period, compared with the 4% to 6% growth during 2017-2019. It also sees growing earnings by up to 9% by the end of its fiscal 2025.

"While we expect inflationary pressures to increase, we also expect to benefit from operating leverage, premiumisation, revenue growth management and productivity gains," Chief Financial Officer Lavanya Chandrashekar said in a statement.

The pandemic has been a boon to Diageo as locked down consumers stocked up on alcohol and beers and traded up to more premium versions due to higher savings.

The company ended fiscal 2021 with one of the highest growth rates in its history, propelled by strong at-home demand in the United States and partly due to the re-opening of bars and restaurants in Europe where vaccination is more widespread.

Rival Pernod Ricard, known for Absolute vodka, also said it expects strong growth in fiscal 2022, with a bit of moderation to what it had seen during the pandemic. (Reporting by Siddharth Cavale and Muvija M in Bengaluru; Editing by Shounak Dasgupta and Ed Osmond)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DIAGEO PLC 2.55% 3736.5 Delayed Quote.-9.70%
PERNOD RICARD -0.31% 191.95 Real-time Quote.-8.91%
All news about DIAGEO PLC
08:57aMARKETSCREENER'S WORLD PRESS REVIEW : January 27, 2022
07:35aDIAGEO : Gets a Buy rating from Goldman Sachs
MD
06:55aEUROPEAN MIDDAY BRIEFING - Stocks Mixed as Fed -2-
DJ
06:55aEUROPEAN MIDDAY BRIEFING - Stocks Mixed as Fed Policy Weighs
DJ
06:16aDIAGEO : Sell rating from RBC
MD
05:29aDIAGEO : announces appointment to its Board of Directors - January 2022
PU
04:52aBanks, weaker pound help FTSE 100 rise; Dr. Martens hits record low
RE
03:20aDiageo 1st Half Net Profit Rose on Higher Sales; Strong Growth Across All Regions -- Up..
DJ
03:08aMARKETMIND : More than four
RE
02:38aDiageo 1st Half Net Profit Rose on Higher Sales
DJ
More news
Analyst Recommendations on DIAGEO PLC
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Financials
Sales 2022 14 214 M 19 037 M 19 037 M
Net income 2022 3 200 M 4 285 M 4 285 M
Net Debt 2022 12 513 M 16 759 M 16 759 M
P/E ratio 2022 26,5x
Yield 2022 2,24%
Capitalization 84 633 M 114 B 113 B
EV / Sales 2022 6,83x
EV / Sales 2023 6,44x
Nbr of Employees 27 783
Free-Float 91,0%
Chart DIAGEO PLC
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Diageo plc Technical Analysis Chart | DGE | GB0002374006 | MarketScreener
Technical analysis trends DIAGEO PLC
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 3 644,50 GBX
Average target price 4 230,61 GBX
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Ivan M. Menezes Chief Executive Officer & Executive Director
Lavanya Chandrashekar Chief Financial Officer & Executive Director
Javier Ferrßn Larraz Chairman
Alan James Harris Stewart Independent Non-Executive Director
Nicola S. Mendelsohn Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DIAGEO PLC-9.70%114 394
PERNOD RICARD-8.91%56 713
BROWN-FORMAN CORPORATION-8.95%30 981
THAI BEVERAGE PUBLIC COMPANY LIMITED-2.27%12 046
RÉMY COINTREAU-12.99%10 656
EMPERADOR INC.-3.85%6 148