FY23 results were solid. We believe Diageo is not materially over-earning, U.S. demand is still strong and China risks are limited.
Diageo: Shares Fell Again After FY23 Results, Cheap at 20x P/E
Diageo: Shares Fell Again After FY23 Results…
Diageo: Shares Fell Again After FY23 Results, Cheap at 20x P/E
FY23 results were solid. We believe Diageo is not materially over-earning, U.S. demand is still strong and China risks are limited.