Diageo Disappointed by November Sales

Dear Client:Ivan Menezes (president of Diageo North America) told analysts and investors that November “was weaker than we and I think the rest of the industry anticipated” despite posting modest growth in sales to retailers, according to a WSJ article written by David Kesmodel. Sales at the on-premise were down even compared to weak November and December results last year. However, Ivan remains “cautiously confident” heading into Christmas and New Year’s. “It's more subdued than we would have expected going