Diageo Sales Down in Europe, Up in U.S.

Today, drinks group Diageo have reported that there has been a 3% growth in quarterly, organic net sales in the three months to September. Organic net sales rose unexpectedly high at 5.1% in North American, 10.9% in Latin America and the Caribean, 1.3% in Africa, eastern Europe and Turkey and 0.6% in Asia Pacific. In Western Europe, however, sales dropped 1.1%

 The company have reported that net sales went flat because they stopped selling Jose Cuervo tequila brand earlier this year.

Sales volume rose a meager 0.6%.