Johnnie Walker owner Diageo to reveal sales slowdown

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Drivers included strong demand from drinkers retuning to pubs and restaurants, and a particularly good result from Diageo’s higher end brands.” Investors will be optimistic that its broad range of products and regions could provide resilience. Jefferies equity analyst Edward Mundy said: “The medium-term outlook for spirits remains favourable and we think premiumisation trends and share-of-throat gains will largely be sticky as the dust starts to settle post-Covid. “For middle and upper-income groups, premium spirits remain both desirable and an affordable luxury; however, where consumers purchase, what they buy and how they shop may start to evolve.” In July, the group provided a cautious outlook statement alongside its full-year results due to continued cost inflation and geopolitical uncertainty. AJ Bell’s Russ Mould said: “The company’s brands may offer it some protection against input cost inflation thanks to the pricing power that they bring.”