|Bid||2,810.50 x 0|
|Ask||2,811.50 x 0|
|Day's Range||2,790.50 - 2,919.50|
|52 Week Range||2,050.60 - 3,633.50|
|Beta (5Y Monthly)||0.33|
|PE Ratio (TTM)||21.83|
|Earnings Date||Jul. 30, 2020|
|Forward Dividend & Yield||0.70 (2.37%)|
|Ex-Dividend Date||Feb. 27, 2020|
|1y Target Est||2,916.05|
Constellation Brands CEO Bill Newlands joins Yahoo Finance to discuss the state of the beer industry amidst the COVID-19 pandemic.
Diageo (DEO) withdraws FY20 view, cuts expenses and suspends share repurchase plan in the wake of the uncertain COVID-19 impacts. Also, its top line remains soft due to lockdown in many countries.
The Johnnie Walker whisky maker is the latest company to pull its guidance as the closure of bars and restaurants around the world due to lockdowns imposed by governments hit its sales. Production facilities in many countries including India and in its key markets of Africa are closed, while in the United States - its biggest market - the closure of bars and restaurants in most states was impacting about 20% of its business there, the company said. Diageo also said it was seeing a small pickup in sales in retail stores in the United States and Europe in recent weeks, as more people drink at home.
AB InBev (BUD) has withdrawn 2020 guidance, following the rising scale and magnitude of COVID-19, which led to shutdowns, social distancing, travel bans and other limitations in many countries.
Diageo (DEO) is among the companies that have warned of impacts from the coronavirus on its results. However, its sound fundamentals may help it rebound when conditions improve.
INVESTOR ALERT: Tostrud Law Group, PC Announces Investigation of Diageo plc (DEO) on Behalf of Investors
Constellation Brands (STZ) clarifies to investors that its fiscal 2020 sales remain unaffected by the coronavirus outbreak in China due to less international exposure.
Diageo, the world's biggest spirits company and producer of brands including Guinness and Smirnoff Vodka, said Wednesday (February 26) that the spread of coronavirus in greater China and the Asia Pacific could knock up to $260 million off its 2020 profits. The company cited widespread closures of bars and restaurants in China, and a substantial reduction in eating out. It also highlighted a hit to consumption in several other Asian countries, especially South Korea, Japan and Thailand. Trading has been significantly disrupted since the end of January, and Diageo expects this to last at least into March. After that it anticipates a gradual improvement, with consumption returning to normal levels towards the end of the financial year. Shares in Diageo were down almost 2% by early afternoon.
Investors got no relief from virus worries on Wednesday (February 26). That after hundreds of new cases were reported worldwide, and U.S. authorities said a pandemic was now inevitable. After sharp falls for Asian stocks, European markets also tanked. Benchmark indexes were all down over 1% in early trade, before recovering a little ground. The regional Stoxx 600 approached a four-month low. A slew of corporate warnings about the virus didn't help the mood. Among the big names: Diageo says the outbreak will snip up to $260 million off profits this year. Its shares fell as much as 3%. Food group Danone also cut its sales forecast for the year, estimating the hit at over $100 million. And miner Rio Tinto reported its best earnings since 2011, but warned that the coronavirus could make the next six months a challenge. Luxury brand Hermes was one of the few to strike a positive note. It said it saw signs of a return to normal trading in China. Just four of its stores there are now shut, down from 15 earlier in the year. But its shares still sank over 1%. Investors, it seems, are focused on the negatives. Wednesday morning saw traditional safe havens all rise. Gold headed towards seven-year highs, with U.S. and German governments bonds also posting gains.
Diageo <DGE.L>, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to 200 million poundsoff its profit in 2020. The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020.
The London-based company - whose brands include Johnnie Walker Scotch whisky, Smirnoff vodka, Tanqueray gin and Guinness beer - did not admit or deny wrongdoing, but agreed to cease and desist from further violations, the SEC said on Wednesday. According to the SEC, Diageo failed to publicly disclose how employees at its most profitable unit, Diageo North America, pushed distributors in its 2014 and 2015 fiscal years to buy more wine and spirits than they needed. The SEC said this "overshipping" enabled Diageo to report higher growth in operating profit and net sales than analysts expected, but was unsustainable because distributors would likely eventually push back on orders, and some did.
Diageo (DEO) relocates its North America headquarters to Lower Manhattan. The move adds 350 new job opportunities for the city, in addition to the 150 jobs already on payroll.
The maker of Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness stout said it expected annual underlying net sales growth to come in towards the lower end of its 4 to 6% mid-term guidance range, amid rising global trade uncertainty. The company highlighted volatility in India, Latin America and the Caribbean and said it saw reduced inventory levels and lower passenger traffic including through Hong Kong in its travel retail arm. Diageo, which sells 200 brands in 180 countries, also said operating profit rose 0.5% to 2.44 billion pounds ($3.21 billion) in the six months ended Dec. 31.
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Thursday 30 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares from FTSE 100, FTSE 250 and FTSE All-Share.
David Duncan, Silver Oak Cellars CEO, told Yahoo Finance his brand is actually increasing in popularity with millennials.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...