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Diageo: sales up 10.7% in the first half of 2023

However, volumes (-7.4%) and operating margin (-147 basis points) declined

Diageo, one of the world's leading alcoholic beverages producers, ended H1 2023 with sales of £17.1 billion, up 10.7% from a year earlier. This progress is notably attributed to strong organic growth in net sales and favorable foreign exchange rate effects. Organic sales increased by 6.5%, while the price/mix margin contributed 7.3 percentage points thanks to a significant increase in prices and in...

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EFA News - European Food Agency