“There’s no such thing as a set forecast right now,” said Sophie Kelly, senior vice president of whiskies at Diageo North America, speaking at the same event.
The firm, a unit of Interpublic Group of Cos.’ Mediabrands, cut its growth forecast for next year to 4.8% from an earlier prediction of 5.8% in June.
Organic revenue growth is a metric that removes the effects of currency fluctuations, acquisitions and disposals.
Airbnb Inc. slashed its advertising spending and invested in brand marketing, lessening its reliance on search-engine marketing.
“We knew that people are changing their behavior,” said William White, Walmart’s chief marketing officer.