Half Year 2020 Diageo PLC Earnings Call (Q&A Session) Transcript
Good day, and welcome to the Diageo interim results investor Q&A call. Today's conference is being recorded. Your call today will be hosted by Diageo's CEO, Ivan; and CFO, Kathy. (Operator Instructions) We are now ready to start the call.
Ivan, please go ahead.
Thank you. Hi, everyone, and Kathy and I are in London, and welcome to this morning's post-results investor call. I'm pleased to share with you another set of good consistent first half results with broad-based organic growth across regions and categories. As you know, we're lapping last year's very strong first half, and we have faced volatility in specific markets. And therefore pleased that despite this, our performance is in line with our medium-term guidance of 4% to 6% organic sales growth, demonstrating our increased resilience as a business.
Our margin expansion continues even after 3 strong years, despite increased COGS inflation in this half. And this is a result of our continued focus on premiumization and
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