Diageo PLC Announces Trading commentary ahead of AGM 2024
Diageo PLC has released a trading commentary ahead of its 2024 Annual General Meeting. Chief Executive Debra Crew stated that the company's expectations remain unchanged from their fiscal 24 preliminary results reported on July 30, 2024. She acknowledged that the global environment remains challenging for both the industry and Diageo, with consumers continuing to be cautious.
The company is focusing on strengthening business resilience through operational excellence, productivity, and strategic investments to win quality market share. Diageo has made progress on strategic initiatives, including US route-to-market enhancements and restructuring its business model in Nigeria. Crew expressed confidence in the strong fundamentals of the global TBA and spirits industry, anticipating a return to growth when the consumer environment improves.
Diageo PLC ha rilasciato un commento commerciale in vista della sua Assemblea Generale Annuale 2024. Il Direttore Esecutivo Debra Crew ha dichiarato che le aspettative dell'azienda rimangono inalterate rispetto ai risultati preliminari del fatturato 24 riportati il 30 luglio 2024. Ha riconosciuto che il contesto globale rimane sfidante sia per il settore che per Diageo, con i consumatori che continuano a essere cauti.
L'azienda si sta concentrando su rafforzare la resilienza aziendale attraverso l'eccellenza operativa, la produttività e investimenti strategici per ottenere una quota di mercato di qualità. Diageo ha fatto progressi nelle iniziative strategiche, inclusi i miglioramenti nel percorso di mercato negli Stati Uniti e la ristrutturazione del suo modello di business in Nigeria. Crew ha espresso fiducia nei solidi fondamentali dell'industria globale delle bevande alcoliche e dei distillati, prevedendo un ritorno alla crescita quando la situazione dei consumatori migliorerà.
Diageo PLC ha publicado un comentario comercial antes de su Junta General Anual 2024. La Directora Ejecutiva Debra Crew declaró que las expectativas de la empresa permanecen sin cambios desde los resultados preliminares del ejercicio 24 reportados el 30 de julio de 2024. Reconoció que el entorno global sigue siendo desafiante tanto para la industria como para Diageo, con los consumidores mostrando cautela.
La compañía se está enfocando en fortalecer la resiliencia empresarial a través de la excelencia operativa, la productividad y las inversiones estratégicas para ganar cuota de mercado de calidad. Diageo ha avanzado en las iniciativas estratégicas, incluyendo mejoras en la ruta al mercado en EE. UU. y la reestructuración de su modelo de negocio en Nigeria. Crew expresó confianza en los sólidos fundamentos de la industria global de TBA y licores, anticipando un retorno al crecimiento cuando el entorno del consumidor mejore.
Diageo PLC는 2024년 정기 주주 총회를 앞두고 거래 코멘터리를 발표했습니다. CEO 데브라 크루는 회사의 기대치가 2024 회계연도 초도 결과와 동일하다고 밝혔습니다. 그녀는 글로벌 환경이 업계와 Diageo 모두에게 도전적이다고 인정하며, 소비자들이 계속해서 조심스럽게 행동하고 있다고 말했습니다.
회사는 사업의 회복력 강화에 집중하고 있습니다 패러다임 혁신, 생산성 및 질 높은 시장 점유율을 확보하기 위한 전략적 투자로. Diageo는 미국 시장 접근 개선과 나이지리아 사업 모델 재구성을 포함한 전략적 기획에서 발전을 이루었습니다. 크루는 글로벌 TBA 및 주류 산업의 강력한 기초에 대한 신뢰를 표명하며, 소비자 환경이 개선되면 성장을 재개할 것으로 기대했습니다.
Diageo PLC a publié un commentaire sur ses activités en prévision de son Assemblée Générale Annuelle 2024. La Directrice Générale Debra Crew a indiqué que les attentes de l'entreprise restent inchangées par rapport aux résultats préliminaires de l’exercice 24 publiés le 30 juillet 2024. Elle a reconnu que le contexte mondial reste difficile tant pour l'industrie que pour Diageo, avec des consommateurs demeurant prudents.
L'entreprise se concentre sur le
Diageo PLC hat einen Handelskommentar vor seiner Jahreshauptversammlung 2024 veröffentlicht. CEO Debra Crew erklärte, dass die Erwartungen des Unternehmens unverändert bleiben im Vergleich zu den vorläufigen Ergebnissen für das Geschäftsjahr 24, die am 30. Juli 2024 veröffentlicht wurden. Sie räumte ein, dass das globale Umfeld weiterhin herausfordernd für die Branche und für Diageo bleibt, da die Verbraucher weiterhin vorsichtig sind.
Das Unternehmen konzentriert sich darauf, die Widerstandsfähigkeit des Geschäfts zu stärken durch operative Exzellenz, Produktivität und strategische Investitionen, um qualitativ hochwertige Marktanteile zu gewinnen. Diageo hat Fortschritte bei strategischen Initiativen gemacht, einschließlich Verbesserungen der Marktzugangsstrategie in den USA und der Umstrukturierung seines Geschäftsmodells in Nigeria. Crew äußerte Vertrauen in die starken Fundamentals der globalen TBA- und Spirituosenbranche und erwartet eine Rückkehr zum Wachstum, wenn sich das Verbrauchermarkt verbessert.
- Progress made on strategic initiatives, including US route-to-market enhancements
- Advancing towards completion of business model restructuring in Nigeria
- Focus on strengthening business resilience through operational excellence and productivity
- Challenging global environment for the industry and Diageo
- Continued consumer caution affecting business performance
Insights
Diageo's trading commentary ahead of their AGM reveals a cautious outlook amidst challenging global conditions. The company's unchanged expectations since July 2024 suggest stability in their projections, but also indicate growth prospects in the near term.
Key points to consider:
- Consumer caution persists, impacting the total beverage alcohol (TBA) industry
- Focus on operational excellence and strategic investments to gain market share
- Progress on US route-to-market enhancements and restructuring in Nigeria
- Long-term confidence in spirits industry fundamentals
While Diageo maintains a positive long-term outlook, the current environment poses challenges. Investors should monitor the company's ability to execute its strategic initiatives and maintain market share during this period. The lack of specific financial figures makes it difficult to quantify the impact, but the overall tone suggests a holding pattern rather than immediate growth.
Trading commentary ahead of AGM 2024
LONDON, UNITED KINGDOM / ACCESSWIRE / September 26, 2024 / Debra Crew, Chief Executive, commented:
"Our expectations are unchanged from when we reported our fiscal 24 preliminary results on 30 July 2024. The global environment remains challenging for both our industry and Diageo.
While consumers continue to be cautious in this environment, we are focused on strengthening the resilience of our business through operational excellence, productivity and strategic investments to win quality market share. We have made good progress on our strategic initiatives, including our US route-to-market enhancements, and in Nigeria we are progressing well towards completion of the agreement to restructure our business model there.
I believe that the fundamentals for global TBA, and particularly the spirits industry, remain strong and am confident that when the consumer environment improves, growth will return and the actions we are taking will position us well to outperform the market."
ENDS
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About Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. These brands include Johnnie Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company, and our products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com for information, initiatives, and ways to share best practice.
Celebrating life, every day, everywhere.
Cautionary statement concerning forward-looking statements
This document contains 'forward-looking' statements. These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook, objectives and projections with respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of changes in interest or exchange rates, the availability or cost of financing to Diageo, anticipated cost savings or synergies, expected investments, the completion of any strategic transactions or restructuring programmes, anticipated tax rates, changes in the international tax environment, expected cash payments, outcomes of litigation or regulatory enquiries, anticipated changes in the value of assets and liabilities related to pension schemes and general economic conditions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including factors that are outside Diageo's control. Any forward-looking statements made by or on behalf of Diageo speak only as of the date they are made. Diageo does not undertake to update forward-looking statements to reflect any changes in Diageo's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.
An explanation of non-GAAP measures, including organic movements, is set out on pages 227-235 of Diageo's Annual Report for the year ended 30 June 2024.
Diageo plc LEI: 213800ZVIELEA55JMJ32
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SOURCE: Diageo PLC
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