Guinness maker Diageo cuts outlook on weak US, China demand
The British company said it expects full-year net sales to fall two to three percent in its fiscal year ending on June 30, citing weakness in the United States and China. "Only several weeks in, I can already see significant opportunities for Diageo to act more decisively to enhance its competitiveness," chief executive Dave Lewis said in an earnings statement Lewis, a former chief executive of British supermarket giant Tesco who has a reputation for cost-cutting, took the helm in January following the sudden departure of Debra Crew. Читать дальше...