By Sabela Ojea

 

Diageo PLC said Wednesday that it expects to report organic operating growth of at least 14% in fiscal 2021, adding that its share-buyback program has been recommenced.

The world's largest liquor maker--which owns Johnnie Walker whisky and Tanqueray gin--said that its organic operating growth is also anticipated to be slightly ahead of net sales growth for the year ending June 30.

The FTSE 100 listed company added that it continued to deliver a good recovery across all regions, noting that its performance in its largest market, North America, remained particularly strong.

Regarding its share-buyback program, Diageo said that its 4.5 billion pounds ($6.36 billion) return of capital program will be completed by June 30, 2024, adding that it had to be extended two years because of the effects of the coronavirus pandemic.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

May 12, 2021 02:35 ET (06:35 GMT)

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