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LatAm warning materialises for Diageo in flat six months – results data

Olly Wehring
Last updated: 30/01/2024 at 12:03 PM
By Olly Wehring
30 January 2024
4 Min Read

The threat of turbulence from the ‘Latin America & Caribbean’ region has been realised by Diageo in its latest results, as sales from the closing six months of 2023 stagnated.


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Half-year sales come in flat - -0.6% - on year prior at US$10.96bnVolumes from six months to end of December decline 5%'Latin America & Caribbean' drag confirmed - region's sales tumble 23%'North America' also dips, by 2% The threat of turbulence from the 'Latin America & Caribbean' region has been realised by Diageo in its latest results, as sales from the closing six months of 2023 stagnated. For the half year to the end of December - the first half of Diageo's financial year - the region was down in sales terms by almost a quarter on the corresponding period in 2022. As confirmed by

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TAGGED:Diageo
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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