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Diageo shares plunge as drinks seller warns of 20% drop in sales in Latin America and the Caribbean

Por: MarketWatch Business November 10, 2023

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The London headquartered company warned that lower sales in those regions will mean net sales grow at a slower rate than previously forecast in the first half of 2024, with growth falling behind levels previously seen in the first half of 2023. Diageo shares fell 13% on Friday, having lost 25% of their value over the previous 12 months. U.S.-listed shares of Diageo were down by a similar amount. Shares in rival spirits sellers also fell, with... + full article



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