World: Diageo withdraws full-year forecast due to coronavirus pandemic
Diageo Plc, the world's largest spirits maker, said on April 8 it would withdraw outlook on its sales and operating profit growth and suspend capital returns programme for the rest of the year in response to the coronavirus pandemic, Yahoo Finance reported.
"Given the global nature of the COVID-19 pandemic, and the uncertainty around the severity and duration of the impact across multiple markets, we are not in a position to accurately assess the impact of this on our future financial performance," the company said in a statement.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .