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Diageo sees boost to margins as bars, restaurants open By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – A bartender in Almaty (Kazakhstan), June 22, 2017 takes a Johnnie Walker whisky bottle. REUTERS/Shamil Zhumatov/File Photo

(Reuters) – Johnnie Walker whisky maker Diageo (LON:) Plc said on Thursday it has made a “strong start” to its financial year and expects organic operating margins to benefit from a further recovery in sales at restaurants and bars in North America and Europe.

But, the company expects that volatility will remain in the short-term, with a focus on markets like Latin America, Asia, Africa and Asia.

Ivan Menezes, chief executive of Fusion Media said that “We have made an impressive start to fiscal ’22… because we benefit from resilience (retail) as well as continued recovery (bars & restaurants)” in a statement. This was before the company’s annual meeting later that day.

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