帝亚吉欧希望度过消费者不确定的时期

Diageo (NYSE:DEO) CEO Debra Crew issued a business update on Thursday ahead of the spirits company's annual meeting.

Crew noted that Diageo's (DEO)  expectations are unchanged from when it reported FY24 preliminary results on July 30. 2024. The global environment was noted to have remained challenging for both the 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."

Looking ahead, Crew said Diageo (DEO) believes that the fundamentals for the spirits industry remain strong and growth will return when the consumer environment improves. Diageo's (DEO) actions are seen positioning it well to outperform the market.

On Wall Street, Bank of America analyst Andrea Pistacchi said recently that after two years of earnings downgrades and share price underperformance, the firm believes the worst is behind for Diageo (DEO). The view on Diageo (DEO) is that forecasts are low enough for FY25 and the medium-term, and growth is seen starting to improve this year a little more than consensus estimates factor in

Shares of Diageo (DEO) are down 8.6% on a year-to-date basis.