Sign in

    Andrea Pistacchi • Bank of America

    Andrea Pistacchi's questions to Diageo PLC (DEO) leadership

    Andrea Pistacchi's questions to Diageo PLC (DEO) leadership • H2 2025

    Question

    Andrea Pistacchi from Bank of America requested more detail on Diageo's updated FX hedging policy and inquired about the strategic focus and growth potential for the Astral tequila brand in the US.

    Answer

    Interim CEO & Director Nik Jhangiani explained the new FX hedging policy aims to reduce volatility by better aligning hedges with total operating profit exposure. Regarding tequila, he positioned Astral as a key brand for a 'fast build' in the super-premium segment, complementing Don Julio and Casamigos as part of a broader global tequila strategy.

    Ask Fintool Equity Research AI

    Andrea Pistacchi's questions to Anheuser-Busch Inbev SA (BUD) leadership

    Andrea Pistacchi's questions to Anheuser-Busch Inbev SA (BUD) leadership • Q2 2025

    Question

    Andrea Pistacchi from Bank of America questioned if AB InBev has sufficient levers to protect U.S. profitability if the industry decline accelerates. He also asked why the company didn't increase its share buyback program sooner, given strong cash flow and an attractive share price.

    Answer

    CEO Michel Doukeris expressed confidence in levers like the premiumization-driving Michelob Ultra, innovation, and ongoing productivity efforts to support U.S. profitability. CFO Fernando Tennenbaum stated that the capital allocation policy is unchanged but acknowledged that lower leverage and increased cash generation provide greater flexibility. He noted that cash flow is typically weighted to H2.

    Ask Fintool Equity Research AI

    Andrea Pistacchi's questions to Anheuser-Busch Inbev SA (BUD) leadership • Q2 2024

    Question

    Andrea Pistacchi of Bank of America questioned the 4-8% EBITDA guidance, asking what risks could temper a strong second-half performance given the solid H1 results. He also sought perspective on the competitive and pricing environment in Brazil.

    Answer

    CFO Fernando Tennenbaum clarified the 4-8% EBITDA growth is a medium-term outlook, not a quarterly target. CEO Michel Doukeris described the Brazilian market as structurally improved, with the company's portfolio well-positioned in premium segments and less exposed to the more competitive value tier, where relative pricing has remained stable.

    Ask Fintool Equity Research AI