Shares of the streaming video pioneer fell after it reported a large batch of new customers in the first quarter but gave a revenue forecast that missed analyst targets
The London-based company, whose brands include Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness beer, estimated the negative impact of the virus on the group's organic net sales and organic operating profit, to be in a range of 225-325 million pounds and 140-200 million pounds respectively.
Despite the warning, Diageo said it remained confident in the growth opportunities in its Greater China and Asia Pacific business.