Diageo Outperforms Since August Guidance, US Important To Meeting Targets

As the chart shows, Diageo's share price performance has outperformed BMI's market-cap weighted alcohol index (re-based to December 31 2010) over the past few months, illustrated by the ratio between their relative performances. We thought it interesting to flag this up because back in August when the likes of Carlsberg and Heineken, beer companies with quite a bit of exposure to Europe, released weaker than expected headline data and quite bearish outlooks, which sent their shares prices tumbling, Diageo came out with a much stronger guidance on the back of above-consensus year-end earnings.

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