PREMIUM
Beer and tea under pressure – tastes are changing
Financial results at Unilever and Diageo have been hampered by the changing tastes of the modern consumer.
Diageo’s (LON: DGE) interim results reflect the trends of the wider alcohol market: consumers are drinking more posh booze, but less overall. Volumes were flat on the previous year, but net sales rose 4% to £7.2bn.
Generating a revenue increase from higher prices is not an ideal situation, especially in a market which is being squeezed by a rising number of independent brewers and distilleries. That rising competition is reflected in…
Continue reading our content…
Gain access to all our excellent content for just £90 per year, that’s just 25p per day for financial freedom.
- Unlimited access to our market-beating portfolios
- In-depth coverage of many of the world’s great companies
- Unique insights from our top research team
Register FREE for access to limited content.
- Company and markets insights
- Sponsored content
- Podcasts
Previous article Next article
