What's Their Growth Strategy?

They've announced the goal here as straightforward as it could be: to become 6% of the total alcoholic beverage market by 2030.

They are currently sitting at 4.7%, so there's still a bit of upside, and this does contradict their stated net sales growth goal of 5-7% CAGR?

I think there are also other interesting opportunities for them to grow, specifically in spinning off some of their brands. My preferred option here would be to spin off Guinness, as I'd love to see them as an independent company. And they showed some ability to do this! To show net income growth this year, they sold Guinness Cameroun S.A. for 310M GBP. Maybe the whole kabuttle is next?