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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Diageo Plc | LSE:DGE | London | Ordinary Share | GB0002374006 | ORD 28 101/108P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17.00 | 0.62% | 2,776.00 | 2,774.00 | 2,775.50 | 2,794.00 | 2,758.50 | 2,770.00 | 3,750,459 | 16:35:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Wine & Alcoholic Bev-whsl | 23.52B | 3.73B | 1.6715 | 16.60 | 61.99B |
From Apr 2022 to Apr 2024
By Michael Susin
Diageo PLC said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout.
The London-based maker of Johnnie Walker scotch whisky, Guinness stout and Smirnoff vodka made a pretax profit of 3.06 billion pounds ($3.73 billion) for the six months ended Dec. 31 compared with GBP2.72 billion the prior year.
The company said that organic net sales grew 9.4%, above the company-provided market consensus estimate of 7.9%, reflecting organic volume growth of 1.8% and a positive price/mix of 7.6% mainly driven by price increases across all regions.
It added that super-premium-plus brands organic net sales grew 12%.
Net sales rose to GBP9.42 billion from GBP7.96 billion the prior year. A consensus estimate taken from FactSet and based on three analysts' projections saw Diageo's net sales at GBP9.22 billion.
Operating profit came in at GBP3.16 billion compared with GBP2.74 billion a year earlier.
The board declared an interim dividend of 30.83 pence a share, up from 29.36 pence declared a year ago.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
January 26, 2023 02:42 ET (07:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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