Diageo Meets Expectations Showing Strength in Emerging Markets - Hedge Fund Alpha (formerly ValueWalk Premium)

Diageo Meets Expectations Showing Strength in Emerging Markets

Diageo plc (LON:DGE) (NYSE:DEO), the world’s largest producer of alcoholic drinks, reported preliminary results for the year ending June 30, 2012. Some of the highlights of the year according to Diageo’s press release were as follows. Emerging markets saw net sales growing 15%, with operating profits up 23%. The company made some acquisitions in emerging countries, notably Mey ?çki in Turkey, which added £320 million in sales and £82 million in operating profits. Diageo plc (LON:DGE) (NYSE:DEO) ramped up its stakes in Shuijingfang and Halico, and plans to acquire the Ypióca brand in Brazil. Emerging markets now account for 40% of...

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