Diageo: The Business Is Too Resilient To Justify The Sell-Off [Seeking Alpha]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
Company Research
Source: Seeking Alpha
The high gross margin and the resiliency of Diageo's business model limit any potential downside from current levels. A turnaround won't happen overnight, but the current fiscal year is likely to mark a bottom in sales growth and profitability. Looking for more investing ideas like this one? Get them exclusively at The Roundabout Investor. Learn More » As the market has embraced the risk-on trade in recent months and the odds of a recession in 2024 seem to have disappeared, consumer staples have become the second-worst performing sector after utilities. On top of the broader market pressure on low-risk areas of the equity market, Diageo plc ( NYSE: DEO ) has also been caught between industry woes and company-specific issues related to inventory levels in Latin America. Thus, in spite of its strong competitive positioning and industry-leading profitability, Diageo's stock lost more than 17% of its value over the past 12-month period. This is hardly a desired result for any
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News
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DEO
Sec Filings
- 4/2/24 - Form 6-K
- 3/19/24 - Form 6-K
- 3/1/24 - Form 6-K
- DEO's page on the SEC website