Diageo Bullish In Advance of Earnings Thursday, But Whispers of Price Hikes

Diageo, maker of Johnny Walker, is expected to meet analyst estimates when it announces full-year earnings Thursday, according to India’s Economic Times.

Global economic weakness could impact some of its businesses, but Scotch is expected to hold up well as a luxury good aimed at higher-income households. However, rising commodities costs could lead to price hikes for some its brands, the second this year.

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~ by whisky1 on August 28, 2008.

One Response to “Diageo Bullish In Advance of Earnings Thursday, But Whispers of Price Hikes”

  1. […] Meets Expectations, Cuts Forecast Diageo hit the high end of its range, as expected, reporting 60.6 pence earnings per share, but lowered its 2009 forecast from 9 percent growth to […]

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