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Minerva's shares have hit their lowest point since the pandemic's early days, due to falling profits and sales. Similarly, Diageo, known for its Johnnie Walker whisky and Smirnoff vodka, has issued a profit warning. The company expects a year-on-year fall in organic profit due to a sharp slowdown in growth in its Latin America and Caribbean division, which is now expected to see a sales decline of more than 20%. This has led to an 11% drop in Diageo's shares.
Diageo warns of hit to profits from Latin America and Caribbean slowdown https://t.co/9fAwk2PZ8I
Diageo warns on profit as LatAm, Caribbean demand falters, shares slide https://t.co/XDNQMy9MFN https://t.co/OyB1gtBQ57
Diageo profit warning "Materially weaker" LATAM & Caribbean now expected to see >20% sales decline in FY24H1 (PY: +20%) Now expects FY24H1 group sales growth < FY23H2 FY24H1 organic profit to fall y/y Still expects A&P to grow > sales in other regions $DGE -11%; 21x FY19 P/E https://t.co/rqRorykWF3
$DEO $DEO.L -9.8% Diageo Warns on Profit, Hit by A Sharp Slowdown in Latin America https://t.co/bCiEtLe80n
Diageo, the maker of Johnnie Walker whisky and Smirnoff vodka, warned on profit after a steep slowdown in growth in its Latin America and Caribbean division https://t.co/VERWbtFLVI
⚠️ DIAGEO WARNS ON FIRST-HALF PROFIT ON MUTED LATAM, CARIBBEAN PERFORMANCE Full Story → https://t.co/4E6By1YcN1 Johnnie Walker whisky maker Diageo on Friday said it expected organic operating profit growth to decline in the first half of its current financial year due to… https://t.co/I05KtHjE2N https://t.co/ntVkrzAkjB
Shares of Minerva, South America’s largest beef exporter, plunged to the lowest since the early days of the pandemic as profit and sales trailed expectations amid declining prices https://t.co/aKCqlh1lWx
Shares of Minerva, South America’s largest beef exporter, plunged to the lowest since the early days of the pandemic as profit and sales trailed expectations amid declining prices https://t.co/xx4scwcUgY
Shares of Minerva, South America’s largest beef exporter, plunged to the lowest since the early days of the pandemic as profit and sales trailed expectations amid declining prices https://t.co/niO15uHCOY