The new CEO of global drinks business Diageo says the company is well positioned to deliver long-term growth, despite ongoing cost pressures and economic uncertainty.
In one of her first public statements for the company since her predecessor Sir Ivan Menezes died in June, Debra Crew said that Diageo’s expectatations have remained unchanged.
”While we expect operating environment challenges to persist, with ongoing cost pressure and geopolitical and macroeconomic uncertainty, we will move with speed and agility and continue to invest in marketing and innovation.
”I am confident in the resilience of our business and our ability to navigate these headwinds while executing our strategic prioritie”, she added.
The company is in a good position to deliver its medium-term guidance for fiscal 23 to fiscal 25 of organic net sales growth consistently in the range of 5% to 7% and organic operating profit growth sustainably in the range of 6% to 9%.
”I firmly believe the strength of our portfolio, our diversified footprint and our deep consumer insights will drive sustainable long-term growth and generate value for shareholders,” Crew said.
