Diageo Finance Chief Says Freight Costs Have Seen Inflation -Conference Call
Nov 5 (Reuters) - Diageo PLC DGE.L:
DIAGEO CEO DAVE LEWIS: Q1 PERFORMANCE IN NORTH AMERICA IS NOT A FUNCTION OF CAPITAL MARKETS DAY STRATEGY PLANS - CONF CALL
DIAGEO CEO: WE HAVE A PLAN TO COUNTER GROWING COMPETITION IN THE STOUT MARKET
DIAGEO CEO: SMIRNOFF RTD GLOBALLY GREW 15% IN Q1, RELAUNCH WORKING WELL BEYOND NORTH AMERICA
DIAGEO CEO: OUR CHANGES TO PRICING HAVE NOT YET DRAWN A COMPETITIVE REACTION
DIAGEO CFO NIK JHANGIANI: WE WILL CONTINUE ADJUSTING OUR FORMATS AND PACK SIZES ON AN ONGOING BASIS
DIAGEO CEO: WE HAVE NO CAPACITY CONSTRAINTS FOR GUINNESS IN THE UK OR IRELAND
DIAGEO CEO: WE AIM TO GET CASAMIGOS RTD BACK INTO THE MARKET IN CALENDAR Q1 OR Q2
DIAGEO CEO: IMPROVEMENT IN TEQUILA, CROWN ROYAL, SMIRNOFF AND CAPTAIN MORGAN WON'T LAND UNTIL LATTER HALF/NEARLY END OF CO'S FISCAL YEAR
DIAGEO CEO: TOO EARLY TO TALK ABOUT WHAT MIGHT CHANGE IN NORTH AMERICA FOLLOWING THE MID-TERMS
DIAGEO CEO: WE CONTINUE TO SEE THAT WHEN WE DO WELL IN RTD IT HAS A POSITIVE IMPACT ON PARENT BRAND
DIAGEO CFO: WE DO HAVE SOME EXPOSURE TO HIGHER UNHEDGED COSTS, FREIGHT COSTS SEEN INFLATION
DIAGEO CEO: WE DON'T SEE INDIAN TARIFF DISPUTE OVER BULK SCOTCH AS A SIGNIFICANT ISSUE GOING FORWARD
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