Diageo share price
The premium drinking companys results are due for its third quarter and it is pretty overmuch anticipated that it will just be a marginal increase in net profits from the same time in the previous year because of the announcement by the management of the company itself that there is a slight increase of around twelve percent in the organic sales of the company within this quarter.
The Company named Diageo which owns quite far famed drinking brands such as the Johnny walker as well as Guinness is presently going through a cost cutting phase. Due to all the indications herewith for the company, the Diageo share price has been a bit down and out in anticipation of the tomorrows results. The Diageo share price is at present standing up at the price of ten point twenty two dollars which is around a dollar and a half less than its original price from yesterday.
With the decrease within the Diageo share price, it is being indicated to the shareholders that the company is at present within the buy phase and if the share will be bought as the Diageo share price has been down, it can give a reasonable amount of profit to the buyer. The cost cutting techniques as well as increase in organic sales and penetration into the North American market place is currently working for the company and in its favor meaning that we could as well see some really good results within the future financial data of the company.