Speaking In A Conference Call, Diageo CEO Says Company Targets Overheads At 10.5% Of Net Sales From Above 14% Currently, Expects 90% Of Reorganisation Complete By September 1
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Why It Matters
Diageo's leader said the company is cutting costs—bringing overhead down from 14% to 10.5% of sales—and most of this reorganization work should be done by September. This shows the company is working to become more efficient and profitable.
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