Diageo Fuels Emerging-Market Concerns as Distillers’ Sales Slide

Diageo Plc and Remy Cointreau SA reported sales that missed estimates, casting doubt over the outlook for distillers as growth slows in emerging regions.

Diageo, the world’s biggest liquor maker, said frailty in markets including China will weigh on growth this year after posting an unexpected drop in third-quarter revenue. Remy, which makes Remy Martin cognac, said it expects to report a decline of as much as 40 percent in annual profit as China’s government cracks down on extravagant spending on gifting and banqueting.