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- Aug 6, 202690% CONFIDENCEfrom the source
Diageo Reports Fiscal 2026 Results and a $1 Billion Savings Plan
- Reported net sales fell 3.0% to $19,643 million and organic net sales fell 2.0%, with volume down 0.4% and adverse price/mix of 1.6% from US spirits and Chinese white spirits[1]
- Organic operating profit before exceptionals rose 2.0% on cost savings, partly offset by adverse mix and tariffs; reported operating profit fell 27.2% to $3,156 million after restructuring costs and $1.5 billion of impairments, largely Türkiye and the Don Papa rum brand[1]
- Net sales grew in Europe (+3.4%), Latin America and the Caribbean (+7.7%) and Africa (+13.3%) but fell 8.4% in North America and 6.3% in Asia Pacific[3]
- Free cash flow rose $463 million to $3.2 billion, net debt was $20.5 billion (3.1x EBITDA) and the full-year dividend was set at 50 cents under a new 30-50% payout policy[1]
- At a same-day Capital Markets Day, Diageo targeted about $1 billion of savings over three years and guided to broadly flat organic net sales in fiscal 27, with North America down mid-single digits[4]
- Guinness, Smirnoff RTDs and Johnnie Walker were the standout brands, while Tequila faced tougher competition[2][3]
References 489% CONFIDENCEOverall confidence: 89%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%diageo.com/en/news-and-media/press-releases/2026/2026-preliminary-results-year-ended-30-june-2026diageo.com· Posted Sep 27, 2026· Starts Aug 6, 2026 ✓· 29% of score
Diageo's[3][4] release is dated '06 Aug 2026' and its results page says 'On Thursday 6th August, Diageo reported its Preliminary Results for the year ended 30 June 2026'.
- [2]85%Diageo targets $1 billion savings after FY sales declinethespiritsbusiness.com· Published Aug 7, 2026· 24% of score
The Spirits Business reports the results and the savings plan, citing Tequila competition, Shui Jing Fang baijiu declines and disposals such as Guinness Nigeria, Sheridan's and Ciroc's North American control.
- [3]90%Fiscal 26 Preliminary Resultsdiageo.com· Published Aug 6, 2026· 24% of score
Diageo's[1][4] results hub: organic net sales -2%, organic operating profit +2%, pre-exceptional EPS 165.3 cents, free cash flow $3,211m, and the regional table (North America net sales -8.4%, Asia Pacific -6.3%, Africa +13.3%).
- [4]90%Diageo Capital Markets Day: building a more competitive business, focused on creating shareholder valuediageo.com· Published Aug 6, 2026· 24% of score
Same-day Capital Markets Day release: c.$1 billion of savings over three years (c.$850m from the operating framework, c.$150m from supply chain) and fiscal 27 guidance of broadly flat organic net sales with North America down mid-single digits.[1]
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