Diageo Q1 sales decline by 1.5%

Drinks giant Diageo has reported a 1.5 per cent decline in its first-quarter organic net sales, due to weakness and currency devaluations in emerging markets including China and Brazil.

16th October, 2014
Diageo sales decline was due to weakness in emerging markets, the company said

Drinks giant Diageo has reported a 1.5 per cent decline in its first-quarter organic net sales, due to weakness and currency devaluations in emerging markets including China and Brazil.

The Guinness maker said however that it expects sales to increase during the remainder of the year.

Diageo sales volumes dropped 3.5 per cent in the three months to the end of September, in line with its estimates. Sales of its higher-priced brands rose 10 per cent...

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