stock climbed 7% early on Monday, as the world’s largest spirits maker said its outlook has improved following a “good start” to the fiscal year, driven by its U.S. business.
The FTSE 100-listed drinks giant said the reopening of bars and restaurants had led to “robust demand” across all of its regions but warned the pace of recovery varied from country to country, depending on government restrictions.
The back story. The Guinness maker, like many other drinks companies, has been hit hard by the coronavirus pandemic as many countries around the world forced bars and restaurants to close for a period of months earlier this year. The company relied on an increase in people drinking at home in lockdown.