Diageo Issues Profit Warning as Demand Slows in Latin America and the Caribbean, Causing Share Prices to Drop
Diageo, the producer of Johnnie Walker whisky, has forecasted a decrease in organic operating profit growth for the first half of its current financial year. The company attributes this decline to significantly weaker performance in the Latin America and Caribbean region. As a result of this announcement, Diageo’s shares plummeted by 8.5% to 2,970 pence …