Diageo Maintains Market Share as US Spirits Growth Normalizes in H1

Dear Client:  Diageo kicked off the first half of its fiscal year with global volumes up nearly 2% and net sales up 9.4% on an organic basis, growing ahead of the company's medium-term guidance. "We're driving consistent topline performance and delivering operating margin expansion while reinvesting smartly in our brands fueled by productivity savings," said chief Ivan Menezes on this morning's earnings call. He added that Diageo's business is "36% larger on a constant basis than pre-COVID," and that they're "holding