Business

Diageo Reports Strong Earnings

Updated 2026-08-06 11:10 UTC 1 source Positive

Alcoholic beverages giant Diageo announced a 6% increase in its stock price following the release of its first-quarter earnings, driven by cost-cutting measures and strong sales.

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CNBC
Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.
2026-08-06 11:03 UTC
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