‘Resilient’ Diageo shrugs off rising cost pressures

‘Resilient’ Diageo shrugs off rising cost pressures

The boss of Guinness maker Diageo was optimistic despite “ongoing cost pressures” and economic and geopolitical uncertainty.

In one of her first public statements since her predecessor Sir Ivan Menezes died in June at the age of 63, Debra Crew – who was appointed on July 1 – said the company is “well positioned” to deliver revenue growth from 5 to 7 percent to achieve. cents between now and 2025.

Crew, 52, says Diageo is resilient and can deal with the headwinds caused by the economy.

“As I take the helm, I am excited to lead our teams around the world and through the many growth opportunities we see ahead,” Crew said ahead of Diageo’s annual meeting.

“While we expect operating environment challenges to persist, with continued cost pressures and geopolitical and macroeconomic uncertainty, we will act quickly and flexibly and continue to invest in marketing and innovation.

Cheerful: Debra Crew was appointed boss of Guinness maker Diageo on July 1

“I am confident in the resilience of our business and our ability to weather these headwinds.”

Diageo shares rose 0.5 percent.