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Diageo Returns to Growth in H1, But Tariffs Could Dampen Momentum

Dear Client:   Diageo reported a return to growth in the first half of its fiscal year, with global organic net sales up 1%, showing positive momentum "despite a continued challenging macro environment and industry backdrop," said chief Debra Crew on this morning's earnings call.  In North America, sales were up 0.2%. That growth, "albeit slight," is a "meaningful sequential improvement compared to last fiscal year," said Debra.  Indeed, she added that they are "particularly pleased with our improved market

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