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DEO / Diageo to be hit hard by China lockdowns but long-term story intact, says Credit Suisse

Diageo to be hit hard by China lockdowns but long-term story intact, says Credit Suisse
Diageo PLC (LSE:DGE) revenue forecasts have been cut to reflect China's Covid lockdowns, said Credit Suisse, but it predicts sufficient positives to offset this. The bank trimmed our second-half and full-year group organic revenue growth forecasts to 16.7 and 18.5% from 17.7% and 18.9% respectively to reflect the recent lockdowns, which impacted Diageo's Baijiu subsidiary and has led to a deterioration of Scotch Whisky imports. Read More
Posted: Apr 25 2022, 11:44
Author Name: Proactive Investors
Views: 111748

DEO News  

Reckitt and Diageo favoured by JP Morgan as investors seek 'safety' in consumer staples

By Proactive Investors
November 2, 2023

Reckitt and Diageo favoured by JP Morgan as investors seek 'safety' in consumer staples

Investors are turning defensive in the consumer stocks sector, according to JP Morgan with evidence from the latest quarterly earnings season suggesti more_horizontal

Top 3 Stocks to Buy in a Recession: November Edition

By InvestorPlace
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Top 3 Stocks to Buy in a Recession: November Edition

The stock market has entered a correction. The S&P 500 has slipped 10% from its prior highs, falling back to levels last seen in May. more_horizontal

'Buy' 2 Undervalued Food And Drink Companies

By Seeking Alpha
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'Buy' 2 Undervalued Food And Drink Companies

Diageo and Flowers Foods are two superb companies in the consumer goods sector - one in bread and one in spirits/alcohol. I own both of these business more_horizontal

Warren Buffett's Buying This Passive-Income Stock. Should You?

By The Motley Fool
October 25, 2023

Warren Buffett's Buying This Passive-Income Stock. Should You?

Berkshire Hathaway initiated a tiny position in alcohol beverage giant Diageo earlier this year. Diageo pays a semiannual dividend, representing a 2.6 more_horizontal

TAP or DEO: Which Is the Better Value Stock Right Now?

By Zacks Investment Research
October 3, 2023

TAP or DEO: Which Is the Better Value Stock Right Now?

Investors with an interest in Beverages - Alcohol stocks have likely encountered both Molson Coors Brewing (TAP) and Diageo (DEO). But which of these more_horizontal

Diageo raising $1.7bn in bond issue as operating challenges persist

By Proactive Investors
October 3, 2023

Diageo raising $1.7bn in bond issue as operating challenges persist

Diageo PLC (LSE:DGE) is looking to beef up its balance sheet by raising US$1.7 billion via a twin US bond issue after last week reporting the ongoing more_horizontal

Diageo update should reassure, says Bank of America

By Proactive Investors
September 28, 2023

Diageo update should reassure, says Bank of America

Diageo's trading statement was a case of no news is good news, according to Bank of America. The bank felt the update should provide some reassurance more_horizontal

Diageo confident of hitting targets despite economic uncertainty

By Proactive Investors
September 28, 2023

Diageo confident of hitting targets despite economic uncertainty

Diageo PLC (LSE:DGE) remained confident of delivering medium-term targets despite a challenging operating environment. The spirits maker, which owns J more_horizontal


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