Diageo (GB:DGE) has released an update.
Diageo has reported a modest decrease in net sales due to currency impacts and volume declines, particularly in Latin America and the Caribbean, but has seen a rise in operating profit and a significant increase in its market share, now holding or growing in over 75% of its measured markets. The company also reported a healthy growth in free cash flow and has raised its dividend by 5%, following a successful $1 billion share buyback program. Despite a challenging fiscal year with global economic and geopolitical volatility, Diageo remains confident in its long-term growth and ability to generate shareholder value.
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