LSE:DGEBeverage
Diageo’s European Rebound Tests Turnaround And Undervaluation Thesis
Diageo (LSE:DGE) reported an unexpected sales rebound in Europe in its third quarter.
The company said organic revenue growth for the period was above prior expectations.
Guinness in the UK and Ireland, along with performance in Africa and Latin America, contributed to the improvement.
Management framed the update as part of ongoing turnaround efforts focused on cost control and portfolio adjustments.
Diageo, the global spirits and beer group behind brands such as Guinness, sits at the...