Earnings ·
Diageo reported preliminary results for the fiscal year ended June 30, 2026
DEODiageo PLC
Diageo reported preliminary results for the fiscal year ended June 30, 2026. Reported net sales declined 3.0% to $19.6 billion, while organic net sales fell 2.0%. Organic operating profit increased by 2.0%, but reported operating profit dropped 27.2% due to $0.9 billion in restructuring charges and $1.5 billion in impairment charges, primarily related to Türkiye and the Don Papa brand. Free cash flow rose to $3.2 billion, and net debt stood at $20.5 billion with a leverage ratio of 3.1x. The company recommended a full-year dividend of 50 cents per share, comprising a final dividend of 30 cents per share payable on December 3, 2026, to shareholders of record as of October 16, 2026. Diageo operates in the global beverage alcohol industry, producing and selling spirits and beer brands.