WSD: Diageo: Premium Vodka Boosts Earnings, Scotch and Wine Decline

Dear Client:Fiscal 2009 was a tough year for almost everyone in the alcohol business – not to mention just about every other industry – and Diageo was no exception. It certainly felt the sting of the recession in the year ended June 30, but overall the world’s largest spirits company still experienced growth. In his prepared remarks, chief Paul Walsh noted that “while the economic downturn has affected all markets, the response of customers and consumers has not been uniform