Diageo First-Quarter Sales Miss Estimates Amid Asia Slump

Diageo reported a 1.5% decline in Q1 organic net sales, slightly worse than expected. North America saw a minor increase, while Europe and Asia Pacific underperformed. Africa met expectations, and Latin America showed unexpected strength. The new CEO, Ivan Menezes, is leading the company, which includes brands like Smirnoff and Guinness.

How did Diageo's North American sales perform in the first quarter compared to expectations?

• Sales remained unchanged, meeting expectations.

• Sales decreased by 0.5%, below expectations.

• Sales increased by 0.1%, below expectations.

• Sales increased by 0.5%, meeting expectations.

What was the performance of Diageo's sales in Europe during the first quarter?

• Sales decreased by 0.5%, below expectations.

• Sales increased by 0.5%, meeting expectations.

• Sales decreased by 1.4%, below expectations.

• Sales increased by 1.4%, exceeding expectations.

How did Diageo's sales in Africa compare to expectations?

• Sales decreased, below expectations.

• Sales increased slightly, meeting expectations.

• Sales remained unchanged, meeting expectations.

• Sales increased, exceeding expectations.

Which region showed more resilience in Diageo's sales performance?

• Asia Pacific

• Latin America

• Europe

• North America

What was the impact of the Asia Pacific region on Diageo's overall performance?

• Sales increased by 7.4%, exceeding expectations.

• Sales decreased by 4.5%, meeting expectations.

• Sales decreased by 7.4%, below expectations.

• Sales remained unchanged, meeting expectations.