Diageo Says Savings Plan Costs Will Reach $1.2 Billion as Organic Net Sales Fall 2%
Diageo's brands include Johnnie Walker Scotch whisky, Captain Morgan rum and Guinness stout. The company said costs associated with the savings plan will reach $1.2 billion. Diageo reported that organic net sales for the fiscal year ended June 30 fell 2% year over year to $19.643 billion. The company's key priorities include keeping its core brands competitive and staying attuned to consumer trends. In London, Diageo shares were last trading nearly 7.3% higher.
Diageo's brands include Johnnie Walker Scotch whisky, Captain Morgan rum and Guinness stout.
The company said costs associated with the savings plan will reach $1.2 billion.
Diageo reported that organic net sales for the fiscal year ended June 30 fell 2% year over year to $19.643 billion.
The company's key priorities include keeping its core brands competitive and staying attuned to consumer trends. In London, Diageo shares were last trading nearly 7.3% higher.
The company said costs associated with the savings plan will reach $1.2 billion.
Diageo reported that organic net sales for the fiscal year ended June 30 fell 2% year over year to $19.643 billion.
The company's key priorities include keeping its core brands competitive and staying attuned to consumer trends. In London, Diageo shares were last trading nearly 7.3% higher.