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April 17, 2014
09:28 EDTDEODiageo reports organic net sales down 1.3% in Q3
Diageo said organic net sales declined 1.3%. Volume declined 2% in the nine months ended March 31 and 1% in the third quarter. As a result of recent developments in Venezuela, including the new currency exchange mechanism and the related reporting implications, Diageo has translated the groupís Venezuelan operations for the quarter and for the nine months at a rate of $1 = VEF49.81. Reported net sales were down 7.4% in the nine months due to the impact of adverse currency movements and the termination of the distribution agreement with Jose Cuervo. CEO Ivan Menezes said, "Our performance reflects the challenging environment we are operating in. Consumers in North America are most resilient, as are consumers of our reserve brands in most markets."
News For DEO From The Last 14 Days
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July 1, 2015
06:33 EDTDEODiageo sells Gleneagles Hotel to group led by Ennismore; terms not disclosed
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June 30, 2015
10:01 EDTDEOHigh option volume stocks
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June 26, 2015
11:15 EDTDEODiageo to sell Gleneagles to Ennismore Capital, Sky News reports
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June 24, 2015
05:28 EDTDEODiageo reinstated with a Buy at BofA/Merrill
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June 23, 2015
10:00 EDTDEOOn The Fly: Analyst Upgrade Summary
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05:28 EDTDEODiageo upgraded to Buy from Neutral at Nomura
Nomura upgraded Diageo to Buy saying growth should start to accelerate while negative news flow ends.

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