Diageo sets full-year organic sales forecast, says not immune to trade changes

FILE PHOTO: A bottle of single malt scotch whisky Talisker, owned by Diageo, is pictured in a shop near Lausanne, Switzerland, May 18, 2017. REUTERS/Denis Balibouse/File Photo - Copyright Denis Balibouse(Reuters)

By Reuters

Published on 19/09/2019 - 09:04•Updated 25/04/2024 - 12:23

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(Reuters) - Spirits maker Diageo Plc <DGE.L> said on Thursday it was "not immune" to changes in global trade policies, but based on the current environment it expects to meet its full-year organic sales targets.

The Johnnie Walker whisky and Tanqueray Gin maker said it continues to expect organic net sales growth to be towards the mid-point of a 4% to 6% range and organic operating profit to grow roughly one percentage point ahead of organic net sales.