|Bid||135.56 x 800|
|Ask||0.00 x 800|
|Day's Range||140.66 - 141.48|
|52 Week Range||129.99 - 151.31|
|PE Ratio (TTM)||22.06|
|Forward Dividend & Yield||4.26 (3.03%)|
|1y Target Est||155.15|
Ketel One Botanical celebrates launch of its new holiday--National Girls' Night In--on September 22nd NEW YORK , Sept. 20, 2018 /PRNewswire/ -- National Girls' Night In makes its official debut on September ...
Diageo, which has operations across 180 countries, said it expected currency effects to knock 175 million pounds off net sales, compared to a previous estimate of 70 million pounds, which would wipe 45 million pounds off its full-year profit, up from an earlier estimate of 10 million pounds. While Diageo's revenue from emerging markets like India or China suffers as their currencies weaken, it is helped by the strengthening of the dollar which has driven such moves. The currency hit represents just a fraction of the 12 billion pounds Diageo reported in full-year sales last year and the spirit maker's shares were broadly unchanged.
British spirits maker Diageo flagged a bigger than expected sales hit from currency movements on Thursday, an early indication of the potential impact of recent volatility on companies with emerging market revenues. Diageo, which has operations across 180 countries, said it expected currency effects to knock 175 million pounds off net sales, compared to a previous estimate of 70 million pounds, which would wipe 45 million pounds off its full-year profit, up from an earlier estimate of 10 million pounds. While Diageo's revenue from emerging markets like India or China suffers as their currencies weaken, it is helped by the strengthening of the dollar which has driven such moves.
has warned that its full-year profits will be dented by the recent sharp sell-off in emerging market currencies. Net sales growth for the full year, Diageo chief executive Ivan Menezes said on Thursday, would be “broadly in line with last fiscal year and consistent with our medium-term guidance of mid-single digit growth”.
The world's biggest spirits company Diageo Plc expects this year's sell-off of some emerging market currencies to knock 175 million pounds off net sales and 45 million off its full-year profits, the company said on Thursday. In recent weeks, we have experienced some increased emerging market foreign exchange volatility, which has been partially offset by a strengthening of the dollar," Chief Executive Ivan Menezes said in an update ahead of its 2018 meeting of shareholders.
Shares of Anheuser-Busch (NYSE:BUD) have been tanking. This name has gone on a bender like few investors have seen out of the beverage space lately. Is there still hope for BUD stock, now down 20% for the year? Or does it still need a little time in the drunk tank?
Diageo recognized for exceptional work and commitment to the environment NORWALK, Conn. , Sept. 13, 2018 /PRNewswire/ -- Diageo North America, a global leader in beverage alcohol, announced that it has ...
Tilray (NASDAQ:TLRY) has been on a tear recently. Marijuana stocks in general are fired up big time. First there was the massive $4 billion investment from Constellation Brands (NYSE:STZ), the $40 billion wine, beer and liquor giant, in Canopy Growth (NYSE:CGC), which increased its stake in the company from less than 10% to 38%.
Cronos Group (NASDAQ:CRON) had a remarkable week in the markets, which should surprise no one. As a marijuana-related investment, CRON stock is liable to make insane moves. On Wednesday, CRON stock closed up almost 12% above the prior day’s session when management announced a landmark deal with custom-microbe producer Ginkgo Bioworks.
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- This September, Ketel One Family-Made Vodka will raise a glass to television's brightest stars as the Official Spirits Partner of the 70th Emmy® Awards Season. In honor of TV's biggest night, Ketel One Vodka is pulling out all the stops, unveiling a collection of official Emmy cocktails crafted by Diageo Reserve World Class award-winning mixologist Charles Joly.
NORWALK, Conn., Sept. 5, 2018 /PRNewswire/ -- Whether at bars, stadiums or at home, enjoying cocktails and adult beverages can be essential parts of the football experience… but every so often there's that one fan whose overconsumption ruins the game for themselves and those around them. Water Breaks are a must for professional football players, but what about the fans who support their teams, win or lose? This season, Crown Royal is introducing the first off-the-field Water Break – a movement that encourages responsible game day consumption and reinforces the importance of drinking in moderation and hydrating between alcoholic beverages.
If medical marijuana can gain approval in that part of the U.S., it can easily become legal in all 50 states soon. Also, federal restrictions have hampered the growth of U.S.-based firms in this industry. As such, most Canadian marijuana stocks have seen multiples rise.
Cronos Group (NASDAQ:CRON) has been on a tear, with Cronos stock nearly doubling before settling down to its current price. The sector has absolutely blazed higher in August, and with good reason. Constellation Brands (NYSE:STZ) doubled down on its previous investment in Canopy Group (NYSE:CGC) setting off a wild rally across the sector. Not surprisingly, investors are racing into other marijuana stocks.
NORWALK, Conn., Sept. 5, 2018 /PRNewswire/ -- This week more than 850 Diageo North America employees are giving back to communities where the company operates through a series of projects and events across the continent. Today hundreds of employees from Diageo's Norwalk, Connecticut headquarters and New York City office are taking part in the inaugural Diageo Community Activity and Relief Efforts ("Diageo C.A.R.E.s") event through a series of projects centered around three key areas of: environmental impact, thriving communities, and alcohol in society. The hub of the activities will be in and around Stamford, Connecticut's Mill River Park, where participants will roll up their sleeves and contribute to a series of beautification projects, help provide food to those in need, and educate on the importance of responsible drinking.
The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, Qualcomm, Citigroup, Diageo and Anthem
Finance chiefs at European, Middle Eastern and African companies have a luxury problem: figuring out how to spend $1.1 trillion in cash. The data covers 757 nonfinancial companies based in Europe, the Middle East and Africa and showed cash levels reached a seven-year high at the end of 2017. Many of these firms have started returning billions to investors through stock buybacks and dividends, as well as plowing their money into new capital projects and deals.
Two important questions to ask before you buy Diageo plc (LON:DGE) is, how it makes money and how it spends its cash. What is left after investment, determines the valueRead More...
The legal cannabis market is already massive in the states where it is permitted. With more states expected to legalize in the coming years, the market for legal medical and recreational cannabis is poised to explode. This is truer of Canada, where national legalization makes public trading easier.