Diageo’s Premium Spirits Prompt Growth

Dear Client:Like others in the industry, Diageo felt some pain in the second quarter as consumer spending softened even more than expected. Chief Paul Walsh said he expects consumer confidence to further deteriorate, making the outlook in the second half “more difficult to predict.” However, the company said it gained more value share in the market than any of its major competitors in the U.S., and has the capacity to withstand a tough year with its effective routes to market,