Diageo H1 Adjusted EPS $1.08 Down From $1.16 YoY, Sales $10.96B Down From $11.12B YoY
Portfolio Pulse from Benzinga Newsdesk
Diageo reported a decrease in H1 adjusted EPS to $1.08 from $1.16 YoY and a slight decline in sales to $10.96B from $11.12B YoY, indicating a modest drop in performance.
January 30, 2024 | 10:09 am
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Diageo's H1 adjusted EPS fell to $1.08 from $1.16 YoY, and sales decreased to $10.96B from $11.12B YoY, reflecting a downward trend in performance.
The reported decrease in both EPS and sales for Diageo suggests a negative short-term impact on the stock price as investors may react to the company's lower-than-previous-year performance. The earnings per share, being a key indicator of profitability, has declined by over 7%, which is significant and could lead to bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100