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Diageo keeps forecast despite sales drop

Diageo update - Q1 sales relatively weak
Diageo update - Q1 sales relatively weak

Drinks group Diageo, which owns Guinness, has reported a fall in sales for the three months to the end of September.

In a trading update for its first financial quarter, Diageo said net sales were down 6% compared with the same month a year earlier.

But chief executive Paul Walsh said the group was maintaining its full-year forecast for 'low single-digit' percentage growth in operating profit.

He said consumer trends across its markets were unchanged since the end of June, and sales had been weak compared with a strong first quarter last year.