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DGE Diageo Plc

2,823.00
24.00 (0.86%)
18 Apr 2024 - Closed
Delayed by 15 minutes
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

Diageo Fiscal Year 2021 Profit, Revenue Rose

29/07/2021 8:05am

Dow Jones News


Diageo (LSE:DGE)
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From Apr 2021 to Apr 2024

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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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