(C) Reuters. FILE PHOTO: A bartender takes a bottle of Johnnie Walker whisky in Almaty, Kazakhstan June 22, 2017. REUTERS/Shamil Zhumatov/File Photo
(Reuters) – Johnnie Walker whisky maker Diageo (LON:DGE) Plc said on Thursday it has made a “strong start” to its financial year and expects organic operating margins to benefit from a further recovery in sales at restaurants and bars in North America and Europe.
However, it expects near-term volatility to remain, pointing to markets including Africa, Asia and Latin America.
“We have made a strong start to fiscal ’22 … as we benefit from resilience in the off-trade (retail) and continued recovery in the on-trade (bars and restaurants),” Chief Executive Ivan Menezes said in a statement ahead of the company’s annual general meeting later in the day.
Diageo sees boost to margins as bars, restaurants open
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.