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Summer heat hits Guinness sales

two pints of stout

By Ian Guider
GUINNESS has blamed warm weather and fewer people going to bars for a fall-off in sales of the black stuff.

The brewer said volume sales of Guinness fell by 9% in the six months to end December as demand was hit by the hottest summer in 10 years. After deducting excise duty, sales were down 2% over the period.

Spokesman Michael Patten said: "Guinness did very well over Christmas and is slightly ahead of monthly target going into the new year. We had a dip through the summer period, and we are clawing it back but it is taking time."

He said the company hoped Guinness Mid Strength, a lower alcohol stout, would lift sales.

The company said its other brands were also affected by the switch to drinking at home. The company said over the six months there was a 3% decline in on-trade volume, compared to an 8% rise in the off-trade. Guinness brands, which include Carlsberg, Budweiser and Smithwicks, are more popular in pubs, while consumers tend to drink spirits and wine at home.

On a positive note, the wine volumes were 15% higher and the company’s flagship spirits brand Smirnoff Vodka saw a 5% rise in volume sales.

The company reported that Bailey’s Irish Cream saw volume sales decline by 4% in the half-year due to competition from lower value brands.

Diageo, owners of Guinness, yesterday said pre-tax profits over the period increased to £1.4 billion (€2.04bn) from £1.39bn in the previous year.

Sales at the company, which also owns the Bushmills whiskey brand, were up from £4.9bn (€7.15bn) to £5.35bn (€7.8bn).

Diageo chief executive Paul Walsh said it was a strong first-half performance for the company.

"We continue to capitalise on our opportunities in the US where our market leadership and superior route to market have led to further volume share gains of 0.4% in spirits. In Europe, where we face a more challenging trading environment, we have created a more efficient organisation and this has enabled us to deliver 7% organic operating profit growth in the period."

The company said it expects to report full-year growth of 7% in operating profit excluding acquisitions, disposals and one-time gains and losses.

 

Summer heat hits Guinness sales

two pints of stout

By Ian Guider
GUINNESS has blamed warm weather and fewer people going to bars for a fall-off in sales of the black stuff.

The brewer said volume sales of Guinness fell by 9% in the six months to end December as demand was hit by the hottest summer in 10 years. After deducting excise duty, sales were down 2% over the period.

Spokesman Michael Patten said: "Guinness did very well over Christmas and is slightly ahead of monthly target going into the new year. We had a dip through the summer period, and we are clawing it back but it is taking time."

He said the company hoped Guinness Mid Strength, a lower alcohol stout, would lift sales.

The company said its other brands were also affected by the switch to drinking at home. The company said over the six months there was a 3% decline in on-trade volume, compared to an 8% rise in the off-trade. Guinness brands, which include Carlsberg, Budweiser and Smithwicks, are more popular in pubs, while consumers tend to drink spirits and wine at home.

On a positive note, the wine volumes were 15% higher and the company’s flagship spirits brand Smirnoff Vodka saw a 5% rise in volume sales.

The company reported that Bailey’s Irish Cream saw volume sales decline by 4% in the half-year due to competition from lower value brands.

Diageo, owners of Guinness, yesterday said pre-tax profits over the period increased to £1.4 billion (€2.04bn) from £1.39bn in the previous year.

Sales at the company, which also owns the Bushmills whiskey brand, were up from £4.9bn (€7.15bn) to £5.35bn (€7.8bn).

Diageo chief executive Paul Walsh said it was a strong first-half performance for the company.

"We continue to capitalise on our opportunities in the US where our market leadership and superior route to market have led to further volume share gains of 0.4% in spirits. In Europe, where we face a more challenging trading environment, we have created a more efficient organisation and this has enabled us to deliver 7% organic operating profit growth in the period."

The company said it expects to report full-year growth of 7% in operating profit excluding acquisitions, disposals and one-time gains and losses.

 

Summer heat hits Guinness sales

two pints of stout

By Ian Guider
GUINNESS has blamed warm weather and fewer people going to bars for a fall-off in sales of the black stuff.

The brewer said volume sales of Guinness fell by 9% in the six months to end December as demand was hit by the hottest summer in 10 years. After deducting excise duty, sales were down 2% over the period.

Spokesman Michael Patten said: "Guinness did very well over Christmas and is slightly ahead of monthly target going into the new year. We had a dip through the summer period, and we are clawing it back but it is taking time."

He said the company hoped Guinness Mid Strength, a lower alcohol stout, would lift sales.

The company said its other brands were also affected by the switch to drinking at home. The company said over the six months there was a 3% decline in on-trade volume, compared to an 8% rise in the off-trade. Guinness brands, which include Carlsberg, Budweiser and Smithwicks, are more popular in pubs, while consumers tend to drink spirits and wine at home.

On a positive note, the wine volumes were 15% higher and the company’s flagship spirits brand Smirnoff Vodka saw a 5% rise in volume sales.

The company reported that Bailey’s Irish Cream saw volume sales decline by 4% in the half-year due to competition from lower value brands.

Diageo, owners of Guinness, yesterday said pre-tax profits over the period increased to £1.4 billion (€2.04bn) from £1.39bn in the previous year.

Sales at the company, which also owns the Bushmills whiskey brand, were up from £4.9bn (€7.15bn) to £5.35bn (€7.8bn).

Diageo chief executive Paul Walsh said it was a strong first-half performance for the company.

"We continue to capitalise on our opportunities in the US where our market leadership and superior route to market have led to further volume share gains of 0.4% in spirits. In Europe, where we face a more challenging trading environment, we have created a more efficient organisation and this has enabled us to deliver 7% organic operating profit growth in the period."

The company said it expects to report full-year growth of 7% in operating profit excluding acquisitions, disposals and one-time gains and losses.

 

Summer heat hits Guinness sales

two pints of stout

By Ian Guider
GUINNESS has blamed warm weather and fewer people going to bars for a fall-off in sales of the black stuff.

The brewer said volume sales of Guinness fell by 9% in the six months to end December as demand was hit by the hottest summer in 10 years. After deducting excise duty, sales were down 2% over the period.

Spokesman Michael Patten said: "Guinness did very well over Christmas and is slightly ahead of monthly target going into the new year. We had a dip through the summer period, and we are clawing it back but it is taking time."

He said the company hoped Guinness Mid Strength, a lower alcohol stout, would lift sales.

The company said its other brands were also affected by the switch to drinking at home. The company said over the six months there was a 3% decline in on-trade volume, compared to an 8% rise in the off-trade. Guinness brands, which include Carlsberg, Budweiser and Smithwicks, are more popular in pubs, while consumers tend to drink spirits and wine at home.

On a positive note, the wine volumes were 15% higher and the company’s flagship spirits brand Smirnoff Vodka saw a 5% rise in volume sales.

The company reported that Bailey’s Irish Cream saw volume sales decline by 4% in the half-year due to competition from lower value brands.

Diageo, owners of Guinness, yesterday said pre-tax profits over the period increased to £1.4 billion (€2.04bn) from £1.39bn in the previous year.

Sales at the company, which also owns the Bushmills whiskey brand, were up from £4.9bn (€7.15bn) to £5.35bn (€7.8bn).

Diageo chief executive Paul Walsh said it was a strong first-half performance for the company.

"We continue to capitalise on our opportunities in the US where our market leadership and superior route to market have led to further volume share gains of 0.4% in spirits. In Europe, where we face a more challenging trading environment, we have created a more efficient organisation and this has enabled us to deliver 7% organic operating profit growth in the period."

The company said it expects to report full-year growth of 7% in operating profit excluding acquisitions, disposals and one-time gains and losses.