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Diageo 'modestly underperformed' U.S. spirits market -CFO

Reuters - UK Focus

LONDON, Jan 28 (Reuters) - Spirits giant Diageo (Amsterdam: DO8.AS - news) performed worse than its peers in the U.S (Other OTC: UBGXF - news) . spirits market in the first half of its fiscal year, its chief financial officer said on Thursday, pointing to a change in timing of new launches of Ciroc vodka.

"In terms of overall depletion growth we modestly underperformed the market," Chief Financial Officer Kathryn Mikells told reporters. "Vodka is a point of weakness against the competition." (Reporting by Martinne Geller in London; editing by Jason Neely)