Diageo Says Higher North American Alcohol Sales Can't Offset Drops Elsewhere

Alcoholic drinks maker Diageo (NYSE: DEO) reported its fiscal-year results for the period ending June 30, 2020, and it was a tale of two halves. After what the company called a consistent first half, the coronavirus significantly affected its business in the second half.

The maker of Johnnie Walker whisky, Ketel One vodka, and Guinness beer reported organic net sales were down 8.4% for the year, as growth in North America couldn't offset declines around the world triggered by the pandemic in the second half of the fiscal year.

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Source Fool.com