Diageo sales fall despite double-digit Tequila growth 28th January, 2021 by Owen Bellwood
Johnnie Walker owner Diageo saw sales drop 4.5% in the second half of 2020 as double-digit Tequila growth failed to offset the impact of Covid-19 on Scotch whisky.
Don Julio sales increased by 39% in the first half of Diageo’s fiscal year
The Don Julio Tequila owner reported net sales of £6.9 billion (US$9.4bn) in the six months to 31 December 2020, down 4.5% on the same period in 2019. According to Diageo, organic growth of 1% during H1 was offset by ‘unfavourable exchange’.
The company’s reported operating profit for the six-month period dropped 8.3% to £2.2bn (US$3bn).
23 Mar 2021
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