Companies
Guinness owner Diageo posts double-digit decline in half year profits
The British drinks giant said the first half of its 2024 financial year was ‘challenging’ with sales falling in the US and Latin America
Diageo, the British drinks giants which owns Guinness, Carlsberg and Bailey’s, saw a sharp fall in profits for the first six months of its 2024 financial year due to ongoing weakness in its US and Latin America business.
On Tuesday, the company posted an 11 per cent decline in operating profits to £3.3 billion for the six months to the end of December 2023, as profit margins narrowed sharply to just over 30 per cent. ...
