Crisis? What crisis? This drinks company is having a good time with no sign of a hangover
Telegraph
23-05-19 06:00
Alcoholic beverages company Diageo has been praised by Questor for increasing sales and operating profit margins despite rising costs due to inflation. The company has been raising prices and investing in cost efficiency measures. Additionally, the firm has made several acquisitions over recent years to facilitate its strategy to focus more on expensive beverages that are presently gaining in popularity among customers. The company also enjoys exposure to emerging economies in Asia. The upcoming retirement of Diageo's CEO, who has held his role for 10 years, is unlikely to have an impact on the firm's share price performance.