DEO - Diageo plc
| Previous Close | 161.43 |
| Open | 161.47 |
| Bid | 158.62 x 900 |
| Ask | 165.57 x 800 |
| Day's Range | 160.52 - 161.67 |
| 52 Week Range | 153.97 - 176.22 |
| Volume | 241,105 |
| Avg. Volume | 337,190 |
| Market Cap | 94.317B |
| Beta (5Y Monthly) | 0.16 |
| PE Ratio (TTM) | 25.20 |
| EPS (TTM) | 6.40 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.87 (1.78%) |
| Ex-Dividend Date | Feb 26, 2020 |
| 1y Target Est | 168.46 |
- MarketWatch
This European company isn’t sugarcoating its coronavirus problem
Pernod Ricard, the maker of Jameson whiskey and Absolut vodka, cut its annual profit growth outlook for 2019-2020 on Thursday, as it said China’s coronavirus epidemic was likely to have a “severe” impact on its third-quarter performance. The French spirits maker, which generates 10% of its global sales in China, said it couldn't predict the “duration and extent of the impact,” but stressed it remained confident on overall strategy. “In our view Pernod Ricard deserves credit for attempting to quantify the impact, which few other companies we follow have done,” said James Edwardes Jones, analyst at RBC Capital Markets.
- MarketWatch
Diageo inflated numbers by forcing distributors to buy unwanted products: SEC
Diageo pressured distributors in North America to buy products they didn't need to meet internal sales targets, the Securities and Exchange Commission alleged. The resulting increase in shipments in 2014 and 2015 enabled Diageo to meet performance targets and to report higher growth in key performance indicators that were closely followed by investors and analysts, the SEC said. Diageo agreed to pay a $5 million penalty without admitting or denying the violations.
- Financial Times
Diageo agrees $5m SEC fine over hidden sales
Diageo has been fined $5m by the US securities regulator after “materially misleading” investors about demand for its drinks by concealing sales of unwanted stock to distributors. It said the maker of Johnnie Walker whisky, Smirnoff vodka and Tanqueray gin had pushed distributors — who act as middlemen in America’s “three-tier” system of alcohol sales — to accept excess inventory to help it meet sales targets. Diageo then failed to disclose the overstocks in its most profitable unit to investors, making its market filings “materially misleading to investors with respect to its financial results”, according to the SEC.
- PR Newswire
Nick Offerman Wants You To Get Ready For St. Patrick's Day Now - And Guinness Is Here To Help
He can act. He can sing. He can make you laugh, and he can make you cry. He can even build you a bar – among other things – with his bare hands. What Nick Offerman apparently can't do is bide his time, which is why he's teaming up with Guinness to give you an entire month to get ready for his favorite day of the year – St. Patrick's Day – with the official Guinness Countdown to St. Patrick's Day. Spoiler alert: green beer will not be making an appearance.
- GuruFocus.com
Burberry: Another Century-Old Business With a Moat and Growth Opportunities
Thanks to the lack of change, the luxury sector is full of easy-call names for long-term investors Continue reading...
- PR Newswire
Crown Royal Regal Apple Partners with Joe Freshgoods as Creative Director to Curate The Royal Pop Up, Featuring Limited-Edition Merch Experience Inspired by Chicago's Unique Culture and Style
As basketball converges with fashion, culture and community in the Windy City this weekend, Crown Royal Regal Apple has partnered with West side native turned designer, creator and collaborator Joe Freshgoods as a Creative Director to help bring Crown Royal Regal Apple to life throughout the weekend, as well as to announce the launch of their new capsule collection, ROYAL APPLE GOODS.
- GuruFocus.com
The Groucho Marx Club of Investments
An investing lesson from one of America’s greatest comedians Continue reading...
- Zacks
Diageo (DEO) Relocates North America HQ to Lower Manhattan
Diageo (DEO) relocates its North America headquarters to Lower Manhattan. The move adds 350 new job opportunities for the city, in addition to the 150 jobs already on payroll.
- Reuters
Pernod Ricard cuts annual profit growth forecast due to China virus
French spirits group Pernod Ricard said on Thursday it was cutting its full-year profit growth outlook for 2019-2020 as the coronavirus epidemic in China was likely to have a severe impact on its third quarter performance. Pernod Ricard, which makes 10% of its sales in China, said it could not currently predict the duration and impact of the crisis but added that it nevertheless remained confident on its overall corporate strategy.
- PR Newswire
Diageo Opens Relocated North America Headquarters in Lower Manhattan
Diageo unveiled its dazzling new North American headquarters this week in New York City, a modern space designed to bring to life the company's purpose of "celebrating life, every day, everywhere." In 2019 global beverage leader Diageo announced it would relocate the headquarters for its largest market from Norwalk, Connecticut to New York. Located at 3 World Trade Center in vibrant Lower Manhattan, the best-in-class workspace was conceived to promote flexibility and collaboration, and to enable agility and modern ways of working.
- Zacks
Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth
Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth
- GuruFocus.com
Brexit Shakes Things Up for These International Companies
Departure from the EU may lead to currency and other tailwinds (or headwinds) for some of Britain’s most globally recognized businesses Continue reading...
- Zacks
Diageo (DEO) 1H20 Earnings Solid, Stock Hit by View Cut
Diageo's (DEO) first-half fiscal 2020 results reflect gains from strong price/mix and higher operating profits. It cut the top-line view for fiscal 2020 on uncertainty in global trade conditions.
- PR Newswire
Tequila Don Julio Toasts to Hollywood's Biggest Night with Oscar®-Worthy Cocktails
Tequila Don Julio is proud to announce that they will make a donation in support of the Academy of Motion Picture Arts and Sciences' Governors Ball for the third consecutive year. On Sunday, February 9, 2020, Tequila Don Julio will serve as a partner of the Governors Ball, the Academy's official party following the 92nd Oscars®, for which globally acclaimed mixologist Charles Joly has curated a specialty bar experience worthy of Hollywood's biggest night. For the first time this year, Tequila Don Julio mini cocktails will also be served to A-list attendees who would like to toast to the moment before they reach their seats.
- Benzinga
Diageo CEO Talks Beverage Trends
Alcohol beverages maker Diageo plc (NYSE: DEO ) CEO Ivan Menezes said in a Thursday Bloomberg interview the U.S. premium alcohol segment is performing "very well." Diageo's premium segment is ...
- Reuters
Diageo tempers sales growth expectations amid trade uncertainties
The maker of Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness stout said it expected annual underlying net sales growth to come in towards the lower end of its 4 to 6% mid-term guidance range, amid rising global trade uncertainty. The company highlighted volatility in India, Latin America and the Caribbean and said it saw reduced inventory levels and lower passenger traffic including through Hong Kong in its travel retail arm. Diageo, which sells 200 brands in 180 countries, also said operating profit rose 0.5% to 2.44 billion pounds ($3.21 billion) in the six months ended Dec. 31.
- Bloomberg
Diageo Lowers Outlook as Viral Outbreak Threatens Travel
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Diageo Plc, the world’s largest distiller, lowered its outlook for sales growth amid weakness in key markets including India as the industry faces risks from trade battles and the spread of the coronavirus.Sales growth will probably be near the lower end of the 4% to 6% targeted range in the year through June, Diageo said Thursday. Previously Diageo guided to the midpoint. Sales rose 4.2% on an adjusted basis in the six months through December, matching analysts’ estimates.Chief Executive Officer Ivan Menezes said in a statement that the distiller was facing increased levels of volatility and uncertainty in the global trade environment “and we would not be immune from further policy changes.” Diageo warned investors in September that trade tensions could undermine a positive start to the financial year.Sales from the travel retail division declined 18%, hindered by rising tensions and challenging trading conditions in the Mideast region and lower passenger traffic in cities including Hong Kong, which has been impacted by social unrest. Growth slowed in India as the economy weakened there. Economic and political unrest in countries such as Mexico, Peru and Chile affected Diageo’s business in Latin America.Diageo finds it hard to predict when economic conditions might improve in markets such as India, Chief Financial Officer Kathryn Mikells said on a call with journalists.She said it’s too soon to see what impact the coronavirus will have on business in China, where Diageo owns the Shui Jing Fang baijiu brand and has opened retail outlets for its Johnnie Walker Scotch whisky. Sales grew 24% in the market last year.Diageo has suspended travel to China, and ensuring the safety of staff in that country is the main priority, she said, adding that the mainland accounts for about 4% of total revenue.The shares rose 1.1% as of 8:36 a.m. in London. They have dropped about 9% in the past six months.Diageo benefits from geographic and portfolio diversity, Mikells said. The U.K. division held up fairly well despite concerns Brexit would weigh on consumption. The North American business --which accounts for a third of sales -- delivered revenue growth of 6%, helped by growth of spirits.(Updates with comments from CFO starting in fifth paragraph)To contact the reporters on this story: Thomas Buckley in London at tbuckley25@bloomberg.net;Deirdre Hipwell in London at dhipwell@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas Mulier, Anne PollakFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Diageo downbeat on guidance as net profit falls
Diageo PLC on Thursday reported a 5.6% fall in net profit for the first half of fiscal 2020, and said it expects full-year organic net sales growth to be at the lower end of its mid-term guidance.
- Investing.com
Premarket London Update: Diageo Organic Sales Rise in H1
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Thursday 30 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares from FTSE 100, FTSE 250 and FTSE All-Share.
- MarketWatch
British stocks inch higher after previous day’s hammering
U.K. stocks inched higher on Tuesday as traders waited for more news on the deadly coronavirus outbreak before pushing in either direction.
