Diageo Poised for US Growth

Last week at its annual general meeting, Diageo reiterated its strategy to dedicate even more resources to the US. That strategy has bolstered confidence in the company and its ability to reach mid-single digit growth in the US, according to a recent Bernstein note.Bernstein estimates that the US market represents 82% of Diageo's net sales and 88% of EBIT in North America. And after a few years of rocky trends, Diageo's sales growth in the US has stabilized in the