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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 | |
---|---|---|---|---|---|---|---|---|---|---|
24.00 | 0.86% | 2,823.00 | 2,824.00 | 2,825.00 | 2,859.00 | 2,815.00 | 2,819.50 | 6,800,681 | 16:35:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Wine & Alcoholic Bev-whsl | 23.52B | 3.73B | 1.6715 | 16.90 | 63.1B |
By Matteo Castia
Diageo PLC reported Thursday a rise in pretax profit for fiscal 2021 on higher net sales.
The world's largest liquor maker--which owns Johnnie Walker whisky and Tanqueray gin--made a pretax profit of 3.71 billion pounds ($5.16 billion) for the year ended June 30, compared with GBP2.04 billion in fiscal 2020.
A consensus estimate taken from FactSet and based on eight analysts' projections expected Diageo's fiscal 2021 pretax profit to be GBP3.63 billion.
Net sales rose to GBP12.73 billion from GBP11.75 billion a year earlier. The company said the progress was led by the American market, its largest business area.
A consensus estimate taken from FactSet and based on 19 analysts' projections expected Diageo's fiscal 2021 net sales to come in at GBP12.57 billion.
The board declared a final dividend of 44.59 pence a share, taking the full-year payout to 72.55 pence.
The FTSE 100 company said it expects continued net sales momentum in fiscal 2022 and that it will benefit from weak comparatives for off-trade consumption despite a likely slowdown in that sector's growth rate.
Diageo said it also anticipates negative currency effects--including a stronger pound sterling--to hurt net sales and operating profit in fiscal 2022.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
July 29, 2021 02:52 ET (06:52 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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