Diageo NA Posts 6% Sales Rise, Names Golden Bar Winners
October 17, 2012Diageo said today that “continued good performance” of its spirits brands in the U.S. drove a 6% organic net sales gain for its North America region in the three months through September, the group’s fiscal first quarter. That showing matched organic growth for Diageo NA in the 12 months through June, when the drinks giant reported that Cîroc (especially its Peach flavor), Johnnie Walker, Ketel One, Buchanan’s and Captain Morgan all posted net sales growth of 5% or above.
Across its global business, Diageo’s organic net sales were up 5%, driven by a 16% increase in its Latin America and Caribbean unit and an 11% rise in Africa. Sales in its Asia-Pacific region advanced 2% in the latest quarter, as growth in Southeast Asia and China—especially in Scotch whisky—was partially offset by sluggish conditions in more developed areas like South Korea. Diageo announced yesterday it would double the capacity of its Glen Ord distillery in Scotland, whose Singleton brand has been rising quickly in Asia’s single malt category, selling over 100,000 cases annually. Meanwhile, Europe (-1%) continued to post mixed results for Diageo, with strong growth in the East and weaker sales in the West.
In other company news, Diageo NA has revealed its 2012 roster of Golden Bar Award winners, celebrating its leading distributor partners. Coastal Wine & Spirits of Indiana (a division of Southern Wine & Spirits), Glazer’s of Louisiana and Arizona-based Alliance Beverage (a joint venture between Glazer’s and Charmer Sunbelt) took home Distributor of the Year honors in the spirits, wine and beer categories respectively.
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