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Insider UK
Insider UK
Business
Peter A Walker

Diageo sales and profits surge past expectations

Diageo has beaten expectations, with surging sales and boosted profits, as consumers splashed out on premium tipples.

The group - which owns brands like Johnnie Walker, Smirnoff and Guinness - stated that its sales grew 9.4% organically to £9.4bn over the second half of 2022, from £8 billion during the same period in 2021.

Its organic operating profit also grew nearly a 10th to £3.2bn over the period, surpassing analysts’ expectations.

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