Diageo Will Likely Benefit from a Less Promotional Environment

Dear Client: On Thursday Diageo will report its Q1 results for Fiscal 2011. In a note to investors, Credit Suisse's Anthony Bucalo said he expects "good news on organic profit" largely due to "the promotional environment in the US easing" and "strong growth trends" in the Asia Pacific/International region.In all, "our positive view of Diageo remains intact as we believe the worst of the impact of the economic crisis is behind us...."COSTCO DONATES OVER $2M; WSWA ENTERS THE FRAYCostco has