Food and drink giant Diageo looks set to report a 10% rise in pre-tax profits this week but trading figures for its fast food chain, Burger King, are expected to be weak. Forecasts show about a 3% profit growth, but like-for-like trading could be down by 2%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Burger King is expected to make an initial public offering of the first 20% of the business in the second half of the year, but is currently lacking a chief executive. Diageo’s Pillsbury unit is expected to have traded well before its departure to General Mills.
